Why is Nila Spaces falling/rising?

As of 15-Jul, Nila Spaces Ltd's stock price is currently at 15.33, reflecting an increase of 0.37 or 2.47%. The stock has shown strong performance recently, with a notable 28.93% increase over the past week and a 22.05% rise over the past month, significantly outperforming the Sensex, which has declined by 1.36% in the same week and increased by only 1.79% in the past month. Today's trading activity indicates a positive trend, as the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a rise in investor participation, with delivery volume increasing by 18.99% compared to the 5-day average. The company also boasts a low debt-to-equity ratio and has experienced healthy long-term growth, with operating profit growing at an annual rate of 59.49%.
In the broader market context, Nila Spaces Ltd's recent performance stands in stark contrast to the benchmark, as it has outperformed the Sensex significantly over various periods, including a remarkable 81.85% return over the past year compared to the Sensex's 2.36%. This strong performance is indicative of the company's market-beating capabilities, particularly over the long term, where it has achieved a staggering 392.93% increase over the past three years. The liquidity of the stock is also favorable, allowing for trades of Rs 0.1 crore, further supporting its upward price movement. Overall, the combination of strong returns, increased investor interest, and solid financial health contributes to the stock's rising price.