Why is Sigma Solve falling/rising?

As of 02-Sep, Sigma Solve Ltd's stock price is rising, currently at 430.90, reflecting an increase of 16.9 or 4.08%. The stock has recently hit a new 52-week high of Rs. 443.9 and has outperformed its sector by 4.01%. Over the past two days, it has gained 7.19%, and it is trading above all key moving averages, indicating strong upward momentum. Additionally, the stock has shown impressive returns over various periods, including a 14.63% increase over the past month and a 33.26% rise year-to-date. The company's high management efficiency, indicated by a return on equity (ROE) of 46.01% and a low debt-to-equity ratio, further supports its positive price movement.
Broader market context shows that while the Sensex has declined by 0.78% over the past week and 0.55% over the past month, Sigma Solve has managed to achieve a 3.84% increase in the same week and a 14.63% increase in the last month. This performance is notable given that the broader market (BSE500) has generated negative returns of -4.82% over the past year, while Sigma Solve has delivered a positive return of 9.39%. The rising investor participation, with a significant increase in delivery volume, also suggests growing confidence in the stock, contributing to its upward price trend.