Why is Phantom Digital falling/rising?

As of 05-Jun, Phantom Digital Effects Ltd is experiencing a price increase, currently at 261.25, which reflects a rise of 11.4 or 4.56%. Today's performance indicates that the stock has outperformed its sector by 4.72%. The stock is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, there has been a significant increase in investor participation, with delivery volume rising by 47.9% compared to the 5-day average. Over the past month, the stock has shown a positive return of 9.24%, contrasting with a decline of 0.85% over the past week. The company has also reported strong financials, including a high return on equity (ROE) of 26.65% and impressive growth in net sales and operating profit, which contribute to a bullish sentiment around the stock.
In the broader market context, while the Sensex has seen a slight decline of 0.33% over the past week, Phantom Digital's performance stands out positively. The stock's year-to-date return of 22.88% significantly exceeds the Sensex's return of 4.68%, indicating strong relative performance. Despite a challenging year with a return of -29.36%, the company's recent positive results and healthy growth metrics suggest a recovery trend, supported by technical indicators that are currently bullish. This combination of factors contributes to the stock's rising price, reflecting investor confidence in its future potential amidst a generally stable market environment.