Why is Nazara Technolo. falling/rising?

As of 11-Aug, Nazara Technologies Ltd is experiencing a price increase, currently at 1,399.80, reflecting a rise of 16.9 or 1.22%. The stock has shown strong performance, with a 2.71% increase over the past week and a 4.85% increase over the past month. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock is close to its 52-week high, just 3.22% away from Rs 1,436. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 39.31% compared to the 5-day average. The company benefits from a low debt-to-equity ratio and has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 37.50%. High institutional holdings at 22.79% suggest confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Nazara Technologies has outperformed the benchmark Sensex, which has declined by 0.51% over the past week while Nazara has gained 2.71%. The stock has also outperformed the BSE500 over various time frames, including the last year, where it generated a return of 47.85% compared to the benchmark's 1.13%. This market-beating performance, combined with rising investor interest and solid fundamentals, contributes to the stock's positive momentum in the current trading environment.