Why is Saksoft falling/rising?

As of 04-Jul, Saksoft Ltd's stock price is rising, currently at 235.10, reflecting an increase of 8.4 or 3.71%. The stock has shown strong performance recently, gaining 17.87% over the last three days and outperforming its sector by 3% today. It reached an intraday high of Rs 238.65, and is trading above all key moving averages. Additionally, the stock has demonstrated impressive returns over various periods, including a 16.24% increase over the past week and a remarkable 219.01% rise over the past three years. The company's recent financial results, including record net sales and profit after tax, along with a solid return on equity, contribute positively to its valuation and investor confidence.
In the broader market context, while the Sensex has experienced a slight decline of 0.74% over the past week, Saksoft's performance stands out significantly, indicating strong investor interest and confidence in the company. The stock's liquidity is also favorable, with a substantial increase in delivery volume, suggesting heightened trading activity. Overall, Saksoft's ability to outperform both the sector and the broader market, combined with its solid financial fundamentals, supports the upward movement in its stock price.