Why is Sequent Scien. falling/rising?

As of 19-Sep, Sequent Scientific Ltd's stock price is currently at Rs 200.75, reflecting an increase of Rs 1.85 or 0.93%. The stock has shown strong performance recently, gaining 10.09% over the past week and 13.77% over the past month. It has also outperformed its sector by 0.66% today and has been on a consecutive gain streak for the last five days. The stock reached an intraday high of Rs 203.75, and it is trading above all key moving averages, indicating a positive trend. The company has reported impressive financial results, including a 93.93% growth in net profit and positive results for the last six consecutive quarters, which have contributed to its favorable valuation and strong investor interest.
In the broader market context, Sequent Scientific Ltd has outperformed the Sensex, which has only risen by 0.88% over the past week, while the stock has achieved a 10.09% increase. This trend of outperformance is consistent over longer periods, with the stock generating a return of 16.28% over the past year compared to the Sensex's decline of 0.67%. The stock's strong performance is further supported by rising investor participation, with a significant increase in delivery volume, indicating growing confidence among investors. Overall, the combination of solid financial results, positive market sentiment, and strong relative performance against the benchmark has contributed to the stock's rising price.