Why is Sharpline Broadc falling/rising?

As of 04-Sep, Sharpline Broadcast Ltd is experiencing a rise in its stock price, currently at Rs 14.60, reflecting an increase of Rs 1.17 or 8.71%. The stock has shown strong performance today, outperforming its sector by 9.26% and gaining 11.03% over the last two days. It opened with a gain of 4.17% and reached an intraday high of Rs 14.77, while remaining close to its 52-week high of Rs 15.15. The stock has demonstrated impressive returns over various periods, including a 117.59% increase over the past year, despite the broader market's decline. Positive financial results in the last two quarters, with higher net sales and profit after tax, have contributed to this upward movement, indicating strong company performance.
In the broader market context, the stock has outperformed the benchmark Sensex, which has shown a slight increase of 0.80% over the past week, while Sharpline Broadcast Ltd has risen by 0.83%. Over the past month, the stock has surged by 21.67%, contrasting sharply with the Sensex's decline of 0.37%. Despite the stock's positive trajectory, there are signs of falling investor participation, with a significant drop in delivery volume. However, the overall liquidity remains adequate for trading, suggesting that while there may be some volatility, the stock's strong performance relative to the market and its positive financial results are driving its current rise.