Why is Relic Tech. falling/rising?

As of 07-Aug, Relic Technologies Ltd is experiencing a price increase, with its current price at 78.30, reflecting a rise of 1.49 or 1.94%. The stock has shown a trend reversal, gaining after seven consecutive days of decline. Additionally, it has outperformed its sector by 1.72% today. Over the past month, the stock has risen by 14.29%, significantly outperforming the Sensex, which has declined by 3.38%. The stock's year-to-date performance is impressive, with a gain of 238.52%, compared to the Sensex's modest increase of 3.18%. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 229.48% against the five-day average, indicating renewed interest in the stock.
In the broader market context, while the stock has faced a short-term decline of 5.95% over the past week, it has still managed to outperform the Sensex, which has only decreased by 0.69% in the same period. The stock's performance over longer periods is also strong, with a one-year return of 337.67% compared to the Sensex's 1.45%. This suggests that despite recent volatility, Relic Technologies Ltd has maintained a robust upward trajectory in the longer term, supported by solid trading volumes and liquidity. Overall, the combination of a trend reversal, increased investor participation, and strong historical performance contributes to the stock's rising price.