Why is Dhani Services falling/rising?

As of 11-Jun, Dhani Services Ltd is experiencing a significant rise in its stock price, currently at Rs 71.16, reflecting an increase of 9.02 or 14.52%. The stock has shown strong performance today, outperforming its sector by 15.1% and achieving a consecutive gain over the last five days, with a total return of 21.95% during this period. Additionally, the stock has touched an intraday high of Rs 72.55 and has been trading above its moving averages across various time frames. Positive factors contributing to this rise include the company's declaration of positive results for the last three consecutive quarters, a substantial growth in PAT, and a low debt-equity ratio. Furthermore, high institutional holdings indicate strong investor confidence, as these investors typically have better resources to analyze the company's fundamentals.
In the broader market context, the stock's short-term performance significantly outpaces the benchmark, with a 1-week return of 21.95% compared to the Sensex's 1.87%. While the stock has shown impressive returns over the past year at 57.61%, it is important to note that it has a weak long-term fundamental strength due to operating losses and declining net sales. Despite these concerns, the recent bullish technical indicators and rising investor participation suggest that the stock is currently in a favorable position, at least in the short term.