Why is Ontic Finserve falling/rising?

As of 23-Oct, Ontic Finserve Ltd is experiencing a price increase, currently at Rs. 2.01, reflecting a rise of Rs. 0.11 or 5.79%. The stock has recently hit a new 52-week high of Rs. 2.02 and has outperformed its sector by 5.65%. It has shown strong performance over the past three days, gaining 19.64% during this period. Additionally, Ontic Finserve has demonstrated impressive returns over various time frames, including a year-to-date increase of 204.55% and a one-year increase of 187.14%. The stock is also trading above its moving averages across multiple time frames, indicating a bullish trend. Furthermore, rising investor participation is evident with a delivery volume increase of 7.65% against the five-day average, contributing positively to the stock's momentum.
In the broader market context, Ontic Finserve's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.30% over the past week compared to Ontic's 12.29% rise. This stark contrast highlights the stock's strong relative strength and investor interest. The overall market environment appears supportive, as the stock's liquidity is adequate for trading, with a delivery volume that suggests healthy trading activity. While there are no specific positive or negative factors listed, the current trends and performance metrics indicate a favorable outlook for Ontic Finserve, contributing to its rising stock price.