Why is Faze Three falling/rising?

As of 18-Aug, Faze Three Ltd's stock price is currently at Rs 506.30, reflecting an increase of Rs 39.35 or 8.43%. Today's performance indicates a trend reversal, as the stock has gained after two consecutive days of decline. It reached an intraday high of Rs 518.35, showcasing a significant rise of 11.01%. Over the past week, the stock has outperformed the sector by 6.06%, despite a notable decline of 25.96% over the past month. The company has demonstrated strong financial performance, with the highest quarterly net sales and a significant increase in profit after tax, which has likely contributed to the recent positive movement in the stock price. Additionally, the increase in institutional investor participation suggests growing confidence in the company's fundamentals.
In the broader market context, Faze Three's short-term return of 8.28% over the past week significantly outpaces the Sensex, which only increased by 0.83% during the same period. This indicates that the stock is gaining traction relative to the overall market. While the stock has experienced volatility, the recent positive financial results and the ability to service debt effectively position it favorably compared to its peers. The stock's current trading at a discount to historical valuations may also attract investors looking for value, further supporting its upward momentum.