Why is Quadpro ITeS falling/rising?

As of 23-Jun, Quadpro ITeS Ltd is experiencing a price increase, currently at 4.60, reflecting a change of 0.2 or 4.55% upward. The stock has shown strong performance recently, with a 24.32% increase over the past week and a 21.05% increase over the past month, significantly outperforming the Sensex, which has only risen by 0.10% and 0.48% in the same periods, respectively. Additionally, Quadpro ITeS is trading above its moving averages across various timeframes, indicating a positive trend. The stock has also seen a notable rise in investor participation, with delivery volume increasing by 194.12% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, while Quadpro ITeS has shown impressive short-term returns, it has underperformed over the longer term, with a 1-year decline of 16.36% compared to the Sensex's gain of 6.26%. This contrast highlights the stock's volatility and potential for recovery in the short term, despite its longer-term challenges. The lack of specific positive or negative factors in the dashboard does not detract from the current upward momentum, as the stock's liquidity remains adequate for trading, further supporting its recent price rise.