Why is Shradha AI Tech falling/rising?

As of 23-Jul, Shradha AI Technologies Ltd is experiencing a rise in its stock price, currently at Rs 43.00, reflecting an increase of 2.04 or 4.98%. The stock has shown strong performance recently, gaining 12.65% over the past two days and outperforming its sector by 4.96% today. It opened with a gain of 4.98% and has maintained this price level throughout the trading session. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The company has reported impressive financial results, including a 96.09% growth in net sales and a healthy operating profit growth rate of 30.07%, which contributes to its favorable market perception.
In the broader market context, Shradha AI Technologies has outperformed the benchmark index, with a 14.67% return over the past week compared to a mere 0.11% for the Sensex. While the stock has a year-to-date decline of 22.52%, its one-year return of 16.57% significantly surpasses the market's 2.86% return, showcasing its resilience and potential for recovery. The rising investor participation, evidenced by a 38.3% increase in delivery volume, further supports the stock's upward movement. Overall, the combination of strong financial performance, positive investor sentiment, and favorable comparisons to market benchmarks are driving the stock's recent rise.