Why is Sequent Scien. falling/rising?

As of 28-Jul, Sequent Scientific Ltd's stock price is currently at 175.30, reflecting an increase of 1.45 or 0.83%. Today's price movement indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 0.75% today and reached an intraday high of Rs 179, marking a 2.96% increase. Despite a 6.58% decline over the past week and a 7.91% drop in the last month, the stock has shown resilience with a 22.16% return over the past year, significantly outperforming the broader market, which has seen negative returns. The company has also reported impressive financial growth, including a 717.32% increase in net profit and consistent positive results over the last five quarters, contributing to a favorable market perception.
In the broader market context, while the Sensex has declined by 1.59% over the past week and 3.77% over the past month, Sequent Scientific's recent performance stands out positively. The stock's year-to-date performance shows a slight decline of 0.40%, contrasting with the Sensex's gain of 3.52%. This indicates that, despite short-term fluctuations, the stock has been able to maintain a strong position relative to the market, driven by robust financial results and a favorable valuation compared to its peers. The rising investor participation, evidenced by a significant increase in delivery volume, further supports the stock's upward movement today.