Why is Faze Three falling/rising?

As of 22-Jul, Faze Three Ltd's stock price is rising, currently at 705.60, reflecting an increase of 20.9, or 3.05%. The stock has shown a positive performance today, outperforming its sector by 3.48% and achieving a consecutive gain over the last two days with a total return of 3.19%. It reached an intraday high of Rs 713.95, indicating strong upward momentum. Despite a recent decline in delivery volume, which fell by 61% against the 5-day average, the stock remains above its moving averages across various timeframes. Additionally, the company has reported positive financial results, with significant growth in profit after tax, profit before tax, and net sales compared to previous quarters, contributing to its recent upward movement.
In the broader market context, Faze Three's short-term performance has been relatively strong, with a 1-week return of -1.01%, which is worse than the benchmark Sensex's decline of -0.47%. However, over the longer term, the stock has significantly outperformed the benchmark, with a year-to-date return of 58.92% compared to the Sensex's 5.18%. This long-term outperformance, combined with the company's improved financial metrics and ability to service debt effectively, supports the stock's rising price despite some short-term volatility in trading volume.