Why is Faze Three falling/rising?

As of 11-Jul, Faze Three Ltd's stock price is rising, currently at 654.00, reflecting an increase of 44.7 (7.34%). The stock has shown strong performance, with a 9.01% increase over the past week and a 16.16% increase over the past month. It is also close to its 52-week high, just 1.99% away, and has outperformed its sector by 8.86% today. Despite a recent trend reversal after two days of decline, the stock is trading above all major moving averages, indicating a positive momentum. Additionally, the company has reported a significant turnaround in its financial performance, with a 116.9% growth in PAT and record net sales, which has likely contributed to the stock's upward movement.
In the broader market context, Faze Three's short-term performance stands in stark contrast to the Sensex, which has declined by 1.12% over the past week. This highlights the stock's resilience and ability to attract investor interest despite a challenging market environment. The company's strong fundamentals, including a low Debt to EBITDA ratio and a history of outperforming the BSE500 over various time frames, further bolster investor confidence. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling significantly, which could pose a risk if it continues. Overall, the combination of positive financial results and strong relative performance against the benchmark has driven the stock's rise.