Why is Likhami Consult. falling/rising?

As of 26-Aug, Likhami Consulting Ltd's stock price is rising, currently at Rs 416.70, reflecting an increase of Rs 19.8 or 4.99%. The stock has shown strong performance recently, gaining 40.33% over the last seven days and outperforming its sector by 4.56% today. It opened with a gain of 4.99% and reached an intraday high of Rs 416.70. Additionally, the stock has performed well over the past week and month, with returns of +27.43% and +37.21%, respectively, while the year-to-date performance remains negative at -52.76%. The rising investor participation, indicated by a 22.78% increase in delivery volume, suggests growing interest in the stock, contributing to its upward movement.
In the broader market context, Likhami Consulting Ltd's recent performance contrasts sharply with the benchmark Sensex, which has seen a decline of 1.05% over the past week and 0.83% over the past month. This significant outperformance highlights the stock's strength in a generally weak market environment. While the stock's year-to-date performance is still negative, its impressive one-year return of +175.96% and three-year return of +269.41% indicate a strong recovery potential compared to the benchmark's modest gains. Overall, the stock's recent upward trajectory is supported by positive investor sentiment and strong short-term returns relative to the broader market.