Why is Kandarp Digi falling/rising?

As of 12-Sep, Kandarp Digi Smart BPO Ltd is experiencing a price increase, currently at 120.45, which reflects a rise of 4.4 or 3.79%. The stock has shown strong performance, outperforming its sector by 4.18% today. It is trading above all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 78.57% against the 5-day average. The stock has also demonstrated impressive returns, with a year-to-date increase of 147.33% and a one-year return of 177.53%, indicating robust investor confidence and positive sentiment.
In the broader market context, Kandarp Digi's short-term performance over the past week shows a return of 13.74%, which significantly outpaces the Sensex's return of 1.51% during the same period. This strong performance relative to the benchmark suggests that the stock is gaining traction among investors, likely due to its positive momentum and liquidity, as it is liquid enough for trades of Rs 0.02 crore based on 2% of the 5-day average traded value. Overall, the combination of strong stock performance, increased investor interest, and favorable comparisons to the benchmark contributes to the rising price of Kandarp Digi.