Why is SPA CAPT SER falling/rising?

As of 23-Jun, SPA Capital Services Ltd is experiencing a price increase, currently at Rs 165.00, reflecting a rise of 7.8 points or 4.96%. The stock has shown strong performance recently, with a 10% increase over the last two days and a notable 14.58% gain over the past week. It has outperformed its sector by 4.43% today and is trading above all key moving averages. Positive financial results, including a significant growth in net sales by 49.93% and the highest quarterly PBDIT and PBT figures, contribute to the stock's upward movement. However, there is a concerning decline in investor participation, with delivery volume dropping by 92.42% against the five-day average.
In the broader market context, SPA Capital Services Ltd has significantly outperformed the benchmark Sensex, which has only increased by 0.12% over the past week. The stock's year-to-date return of 8.73% also surpasses the Sensex's 4.81% gain, indicating strong relative performance. Despite the stock's positive trajectory, the erratic trading pattern and reduced liquidity may pose risks moving forward. Overall, the combination of strong financial results and favorable short-term performance relative to the benchmark supports the stock's rising price.