Why is InfoBeans Tech. falling/rising?

As of 12-Aug, InfoBeans Technologies Ltd is experiencing a price increase, currently at Rs 586.00, reflecting a rise of Rs 38.3 or 6.99%. The stock has shown a strong performance today, outperforming its sector by 6.71% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 591.7, indicating positive momentum. Over the past week, the stock has gained 9.81%, and over the last month, it has surged by 58.38%. The company has consistently reported positive results for six consecutive quarters, with record net sales and operating profit margins, contributing to investor confidence and the stock's upward trajectory.
In the broader market context, while the BSE500 index has faced a decline of 2.11% over the past year, InfoBeans Technologies has managed to generate a remarkable return of 39.81% during the same period, showcasing its resilience against market trends. Despite a slight decrease in investor participation, as indicated by a drop in delivery volume, the stock remains liquid enough for trading. The company's low debt-to-equity ratio and strong financial performance further bolster its standing, allowing it to maintain a positive outlook even amidst broader market challenges.