Why is GACM Tech falling/rising?

As of 03-Jul, GACM Technologies Ltd's stock is currently priced at 1.00, reflecting an increase of 0.04 or 4.17%. Today's price summary indicates that the stock has outperformed its sector by 4.69% and has experienced a trend reversal, gaining after three consecutive days of decline. The stock's performance over the past week shows a decrease of 2.91%, but it has risen significantly by 16.28% over the past month. Notably, the company has reported outstanding results with a 430.3% growth in net profit and positive results for the last two consecutive quarters, which has likely contributed to the recent upward movement in stock price. Additionally, the rising promoter confidence, with a 4.48% increase in their stake, signals strong belief in the company's future prospects.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, with a 1-week return of -2.91% against the Sensex's -0.62%. However, over a longer timeframe, GACM Technologies has shown a year-to-date return of 28.21%, significantly outperforming the Sensex's 6.53%. This contrast highlights the stock's potential for recovery and growth, particularly in light of its recent positive financial results and increased investor participation, as evidenced by a substantial rise in delivery volume. Overall, while the stock has faced short-term challenges, the positive indicators suggest a favorable outlook moving forward.