Why is Nazara Technolo. falling/rising?

As of 18-Jul, Nazara Technologies Ltd's stock price is rising, currently at 1,431.30, reflecting an increase of 7.6 points or 0.53%. The stock has recently hit a new 52-week high of Rs.1435.4 and has been on an upward trend, gaining for the last four consecutive days with a total return of 7.53% during this period. Additionally, the stock has outperformed its sector by 0.63%. Over the past year, Nazara Technologies has shown impressive performance with a 54.37% return, significantly surpassing the BSE500 index. The company benefits from a low debt-to-equity ratio and healthy long-term growth, with net sales increasing at an annual rate of 37.50%. Furthermore, high institutional holdings at 23.29% indicate strong confidence from knowledgeable investors.
In the broader market context, Nazara Technologies has outperformed the Sensex, which has seen a decline of 0.90% over the past week, while Nazara's stock has risen by 7.21% in the same timeframe. This trend of strong performance is further supported by rising investor participation, as evidenced by a 64.74% increase in delivery volume compared to the five-day average. The stock's liquidity is also favorable, allowing for substantial trading activity. Overall, the combination of positive company fundamentals, strong recent performance, and favorable market conditions contributes to the stock's rising price.