Why is Riddhi Corporate falling/rising?

As of 01-Aug, Riddhi Corporate Services Ltd is experiencing a price increase, currently at Rs 70.10, which reflects a rise of 4.41 or 6.71%. The stock has shown strong performance today, outperforming its sector by 6.66% and reaching an intraday high of Rs 71.5. Despite a decline in delivery volume by 47.97% compared to the 5-day average, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 5.59%, while it has increased by 8.78% over the past month, contrasting with the Sensex, which has declined by 1.06% and 3.70% in the same periods, respectively. The company has reported significant growth in net profit and net sales, contributing to a positive outlook despite its negative returns over the longer term.
Broader Market Context: The broader market context shows that Riddhi Corporate's short-term performance is significantly better than that of the Sensex, which has seen declines in both the 1-week and 1-month periods. While the stock has a year-to-date decline of 3.18%, it has outperformed the benchmark index, which has gained 3.15% year-to-date. The company’s strong financial results, including a 185.54% increase in net profit and a 54.23% growth in net sales over the latest six months, suggest a positive trajectory that may be attracting investor interest, despite the stock's poor performance over the past year and three years.