Why is Faze Three falling/rising?

As of 04-Jul, Faze Three Ltd is experiencing a price increase, currently at Rs 599.95, which reflects a rise of Rs 6.95 or 1.17%. Today's price summary indicates that the stock has outperformed its sector by 0.35% and has shown a trend reversal after two consecutive days of decline. It opened with a gain of 3.71% and reached an intraday high of Rs 615. The stock has demonstrated strong performance over various periods, with a year-to-date return of 35.12% and a remarkable 1482.98% increase over the past five years. Additionally, the company has recently reported positive financial results after four quarters of losses, showcasing its ability to service debt effectively with a low Debt to EBITDA ratio of 1.26 times.
In the broader market context, Faze Three's short-term performance is notably strong compared to the benchmark, as it has gained 3.23% over the past week while the Sensex has declined by 0.74%. This outperformance is indicative of the stock's resilience and investor confidence, particularly following its recent positive earnings report. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 19.04% against the five-day average, which could suggest caution among investors despite the stock's favorable performance metrics. Overall, the combination of strong financial results and positive market sentiment appears to be driving the stock's upward movement.