Why is Sequent Scien. falling/rising?

As of 18-Nov, Sequent Scientific Ltd is experiencing a price increase, currently at Rs. 247.65, reflecting a rise of 16.3 points or 7.05%. The stock has recently hit a new 52-week high of Rs. 249.5 and has shown strong performance today, outperforming its sector by 7.67%. Over the past week, the stock has gained 8.29%, and it has delivered a remarkable 22.03% return over the last month. The company has reported a significant growth in net profit of 209.15% and has declared positive results for the last seven consecutive quarters, contributing to investor confidence. Additionally, the stock's moving averages indicate it is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a strong upward trend.
In the broader market context, Sequent Scientific's short-term performance has significantly outpaced the benchmark, with a 1-week return of 8.29% compared to the Sensex's 0.96%. This trend of outperformance is consistent over longer periods, as the stock has generated 31.10% returns over the past year, surpassing the BSE500 index. The rising investor participation, evidenced by an increase in delivery volume, further supports the stock's upward movement. Overall, the combination of strong financial results, positive market sentiment, and robust trading activity has contributed to the stock's rising price.