Why is Sigma Solve falling/rising?

As of 15-Sep, Sigma Solve Ltd is experiencing a price increase, with its current price at 477.70, reflecting a change of 1.55 (0.33%) upward. The stock has shown strong performance recently, outperforming its sector by 0.8% today and has gained consecutively for the last two days, with a total return of 0.46% in this period. Over the past week, Sigma Solve has risen by 8.91%, and over the last month, it has achieved a remarkable 25.69% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 146.63% against the 5-day average. The company's high management efficiency, reflected in a return on equity (ROE) of 46.01%, and a low debt-to-equity ratio further support its positive outlook.
In the broader market context, while the BSE500 index has generated negative returns of -3.45% over the past year, Sigma Solve has managed to outperform with a return of 22.80%. This stark contrast highlights the stock's resilience and market-beating performance. The stock's strong returns over various periods, including a year-to-date increase of 47.73%, suggest that it is gaining traction among investors despite broader market challenges. Overall, the combination of solid financial metrics, positive trading trends, and significant investor interest contributes to the stock's rising price.