Why is Sequent Scien. falling/rising?

As of 11-Nov, Sequent Scientific Ltd's stock price is rising, currently at 228.45, reflecting an increase of 4.2 (1.87%). The stock has recently hit a new 52-week high of Rs. 231.1 and has outperformed its sector by 2%. It has shown a consecutive gain over the last two days, with a total return of 6.65% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The company has reported a significant growth in net profit of 93.93% and has declared positive results for the last six consecutive quarters, contributing to investor confidence and driving the stock's price higher.
In the broader market context, Sequent Scientific Ltd has outperformed the Sensex, with a 1-week return of 4.29% compared to the benchmark's 0.49%, and a year-to-date return of 29.80% versus the Sensex's 7.34%. This strong performance highlights the stock's resilience and attractiveness to investors in both the short and long term. The rising investor participation, evidenced by a 38.65% increase in delivery volume, further supports the stock's upward trajectory, suggesting that market sentiment remains positive amidst broader market conditions.