Why is Euphoria Infotec falling/rising?

As of 20-Aug, Euphoria Infotech (India) Ltd is experiencing a price increase, currently at Rs 59.00, reflecting a rise of Rs 2.72 or 4.83%. The stock has shown strong performance recently, gaining 15.57% over the last three days and outperforming its sector by 2.4% today. It opened with a significant gain of 4.98% and reached an intraday high of Rs 59.08. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock's performance over the past week shows a notable increase of 13.97%, while its year-to-date return is down by 1.67%. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.
Broader market context indicates that while Euphoria Infotech has outperformed the Sensex by a considerable margin in the past week, with the benchmark only rising by 1.64%, its year-to-date performance lags behind the Sensex, which has gained 4.76%. The IT - Software sector has also seen a rise of 2.35%, contributing to the favorable environment for Euphoria Infotech. The increase in delivery volume suggests rising investor participation, which may be driving the stock's upward momentum. Overall, the stock's recent gains can be attributed to strong short-term performance and positive sector trends, despite its longer-term underperformance compared to the benchmark.