Why is Sigma Solve falling/rising?

As of 06-Oct, Sigma Solve Ltd's stock price is rising, currently at Rs 64.30, reflecting an increase of Rs 10.69 or 19.94%. The stock has shown remarkable performance, with a 1-week return of 29.18% and a 1-month return of 48.50%. Today, the stock has outperformed its sector by 17.76% and is only 1.54% away from its 52-week high of Rs 65.29. Despite trading lower than its moving averages, the stock has experienced high volatility with an intraday fluctuation of 5.74%. The company's strong management efficiency, indicated by a high return on equity of 46.01% and a low debt-to-equity ratio, further supports its positive price movement.
Broader Market Context: In comparison to the benchmark, the BSE500 has generated negative returns of -1.93% over the past year, while Sigma Solve has achieved a significant return of 71.93%, highlighting its market-beating performance. The IT - Software sector has also gained by 2.15%, contributing to a favorable environment for Sigma Solve. Additionally, the rising investor participation, evidenced by a substantial increase in delivery volume, suggests growing confidence among investors, which likely supports the upward trend in the stock price.