Why is Faze Three falling/rising?

As of 30-Jun, Faze Three Ltd's stock price is currently at 606.05, reflecting an increase of 24.9, or 4.28%. The stock has shown strong performance today, outperforming its sector by 3.44% and has been on a consecutive gain for the last two days, accumulating a total return of 6.68% during this period. It opened with a gain of 3.06% and reached an intraday high of Rs 627.5, which is a 7.98% increase. Over the past week, the stock has risen by 7.68%, and it has delivered impressive returns of 36.50% year-to-date and 43.80% over the past year. The company has recently reported positive financial results after four consecutive quarters of losses, which has likely contributed to the stock's upward momentum.
In the broader market context, Faze Three Ltd has significantly outperformed the Sensex, which has only increased by 2.09% over the past week and 7.00% year-to-date. The stock's long-term performance is also noteworthy, with a 78.54% increase over the past three years compared to the benchmark's 57.69%. Despite a recent decline in investor participation, as indicated by a 21.31% drop in delivery volume, the company's strong fundamentals, including a low Debt to EBITDA ratio and positive quarterly results, support its rising stock price. Overall, the combination of strong recent performance, positive financial results, and market outperformance has contributed to the stock's rise.