Why is Sharpline Broadc falling/rising?

As of 03-Jul, Sharpline Broadcast Ltd is experiencing a price increase, currently at 11.94, with a change of 0.19, representing a rise of 1.62%. The stock has shown strong performance, outperforming its sector by 0.43% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 3.83%, and over the last month, it has risen by 10.45%. The company reported a remarkable growth in operating profit of 5925% and achieved its highest net sales and operating profit margins, contributing positively to investor sentiment. Despite a year-over-year profit decline of 17%, the stock has generated a substantial return of 72.29% in the last year, significantly outperforming the broader market.
In the broader market context, the stock's recent performance is particularly notable as it has outpaced the benchmark Sensex, which has seen a decline of 0.62% over the past week and a modest increase of 3.10% over the past month. This strong performance relative to the benchmark highlights the company's resilience and attractiveness to investors, especially given its fair valuation compared to peers and the majority of its shareholders being non-institutional. The rising investor participation, indicated by a 77.33% increase in delivery volume, further supports the stock's upward movement, suggesting a growing confidence among investors in Sharpline Broadcast Ltd's future prospects.