Why is Phantom Digital falling/rising?

As of 04-Jul, Phantom Digital Effects Ltd is experiencing a price increase, currently at 306.05, reflecting a rise of 24.9 or 8.86%. The stock has shown strong performance recently, with a 1-week return of +23.58%, significantly outperforming the Sensex, which declined by 0.69%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 76.41% compared to the 5-day average. Despite a year-over-year decline of 32.66%, the company has demonstrated high management efficiency, a low debt-to-equity ratio, and impressive growth in net sales and operating profit, which supports its recent price movement.
Broader market context shows that while Phantom Digital has outperformed the sector today, it has underperformed the market over the past year, where the BSE500 generated returns of 2.13%. The stock's recent gains contrast with its longer-term performance, highlighting a recovery phase after a significant downturn. The company's positive quarterly results and attractive valuation metrics, such as a high return on equity and strong sales growth, contribute to the current upward momentum, even as it grapples with the effects of previous underperformance.