Why is Phantom Digital falling/rising?

As of 02-Jul, Phantom Digital Effects Ltd is experiencing a price increase, currently at 276.00, reflecting a rise of 13.5 or 5.14%. The stock has shown strong performance recently, with a 1-week return of +8.21% and a 1-month return of +24.44%, significantly outperforming the Sensex, which has returned +0.83% and +2.98% over the same periods, respectively. Today's trading activity indicates that Phantom Digital is outperforming its sector by 5.2%, with a notable increase in delivery volume by 287.61% compared to the 5-day average. The stock is also trading above its moving averages across multiple timeframes, suggesting positive momentum. Additionally, the company has demonstrated high management efficiency with a return on equity (ROE) of 26.65%, a low debt-to-equity ratio, and impressive long-term growth rates in net sales and operating profit, contributing to its recent upward price movement.
In the broader market context, Phantom Digital's strong short-term returns contrast sharply with the Sensex's performance, indicating a robust investor interest in the stock. The company's positive financial results over the last two quarters, including a higher profit after tax and record net sales, further bolster investor confidence. Despite a challenging year with a -29.49% return, the stock's attractive valuation, evidenced by a price-to-book value of 2.4 and a relatively stable ROE, suggests that investors are optimistic about its recovery potential. Overall, the combination of strong operational performance and favorable market conditions has contributed to the stock's rising price.