Why is Nazara Technolo. falling/rising?

As of 17-Jul, Nazara Technologies Ltd is experiencing a rise in its stock price, currently at Rs. 1,423.70, which reflects an increase of Rs. 39.7 or 2.87%. The stock has recently hit a new 52-week high of Rs. 1,430.55 and has outperformed its sector by 4%. Over the past three days, it has shown a consecutive gain, rising by 6.96%. In terms of performance, Nazara has delivered impressive returns, with a 55.23% increase over the past year and a remarkable 156.99% over the last three years. The company benefits from a low debt-to-equity ratio and strong institutional holdings at 23.29%, which suggests confidence from larger investors. Additionally, the company's net sales growth at an annual rate of 37.50% supports its healthy long-term growth outlook.
In the broader market context, Nazara Technologies has significantly outperformed the Sensex, which has seen a decline of 1.12% over the past week while Nazara's stock has risen by 6.28%. This stark contrast highlights the stock's strong performance relative to the benchmark. Furthermore, the stock's liquidity is adequate, with a delivery volume increase of 64.09% compared to the five-day average, indicating rising investor participation. Overall, the combination of strong recent performance, positive investor sentiment, and favorable company fundamentals contributes to the upward movement of Nazara Technologies' stock price.