Why is Goldiam Intl. falling/rising?

As of 13-Nov, Goldiam International Ltd is experiencing a price increase, currently at 393.95, which reflects a change of 32.4 or 8.96%. The stock has outperformed its sector by 9.03% today and has shown a consecutive gain over the last three days, rising by 11.65% during this period. Additionally, the stock has touched an intraday high of Rs 399.35 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated strong financial performance, with net sales growing at 40.76% and profits rising by 41.6% over the last four quarters, contributing to a healthy operating profit growth rate of 38.85%. Furthermore, the stock has generated a return of 26.14% over the past year, significantly outpacing the average profit growth of 46.2%, which supports its positive momentum.
In the broader market context, Goldiam International's short-term return of 10.74% over the past week significantly exceeds the Sensex's return of 1.40% during the same period. This strong performance indicates that the stock is gaining traction among investors, despite a slight decline in institutional investor participation, which has decreased by 4.19% in the previous quarter. However, the overall liquidity and rising investor participation in retail trading suggest a robust interest in the stock, which is likely bolstering its price rise amidst a generally favorable market environment.