Why is Moschip Tech. falling/rising?

As of 02-Sep, Moschip Technologies Ltd is experiencing a significant rise in its stock price, currently at 189.65, reflecting an increase of 17.9 or 10.42%. The stock has shown strong performance today, outperforming its sector by 10.35% and achieving a consecutive gain over the last three days, with a total return of 14.7% during this period. Additionally, the stock has traded at a high of Rs 197.9 today, indicating high volatility with an intraday volatility of 5.59%. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. Furthermore, the company has demonstrated robust long-term growth, with net sales increasing at an annual rate of 41.41% and net profit growing by 173.87%, contributing to its positive momentum.
In the broader market context, Moschip Technologies Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of +13.77% compared to the Sensex's -0.78%. This trend indicates that investor sentiment towards Moschip is strong, especially in light of the company's consistent positive results over the last 11 quarters. While the stock has a year-to-date decline of -7.37%, its recent performance suggests a recovery phase, supported by rising investor participation and liquidity. Overall, the combination of strong financial results and positive market sentiment has contributed to the stock's upward movement.