Why is Phantom Digital falling/rising?

As of 24-Jul, Phantom Digital Effects Ltd's stock price is rising, currently at 303.70, reflecting an increase of 14.45 or 5.0%. The stock has shown strong performance recently, with a 1-week return of +11.45% and a 1-month return of +17.17%, significantly outperforming the Sensex, which has seen a slight decline of -0.20% over the same week. Additionally, the stock is trading above its moving averages across multiple time frames, indicating positive momentum. However, there is a notable decline in investor participation, with delivery volume dropping by -69.04% compared to the 5-day average. Despite this, the company has demonstrated high management efficiency, a low debt-to-equity ratio, and impressive growth in net sales and operating profit, which have contributed to the stock's upward movement.
Broader market context shows that while Phantom Digital has outperformed the Sensex in the short term, it has underperformed over the past year, with a return of -25.27% compared to the market's gain of 2.66%. This long-term underperformance may weigh on investor sentiment despite the recent positive developments. The stock's attractive valuation, indicated by a Price to Book Value of 3.2, and positive quarterly results may help mitigate some of the concerns stemming from its past performance. Overall, the recent rise in stock price appears to be driven by strong operational metrics and positive market sentiment, despite the backdrop of previous underperformance.