Why is Saksoft falling/rising?

As of 03-Jul, Saksoft Ltd's stock price is currently at Rs 226.70, reflecting an increase of Rs 27.15, or 13.61%. The stock has shown strong performance today, outperforming its sector by 13.81% and achieving a consecutive gain over the last two days with a total increase of 13.66%. It reached an intraday high of Rs 234.4, indicating significant upward momentum. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bullish trend. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume dropping by 53.02% compared to the 5-day average. The company has demonstrated solid financial performance, with record net sales and profits in the latest quarter, contributing to a fair valuation relative to its peers.
In the broader market context, Saksoft's recent performance contrasts sharply with the Sensex, which has seen a decline of 0.62% over the past week. While Saksoft has gained 10.59% in the same period, the benchmark's performance indicates a challenging market environment. The stock's year-to-date return of 4.47% is also lower than the Sensex's 6.53%, highlighting that while Saksoft is experiencing a positive price movement, it is still lagging behind the broader market trends over a longer timeframe. The company's low debt-to-equity ratio and rising profits further support its recent price increase, despite the overall market volatility.