Why is SPA CAPT SER falling/rising?

As of 03-Jul, SPA Capital Services Ltd is experiencing a price increase, currently at Rs 172.00, reflecting a rise of 7.0 points or 4.24%. The stock has shown strong performance today, outperforming its sector by 4.76% and opening with a gain of 4.24%. It has maintained its price throughout the day, reaching an intraday high of Rs 172. Over the past week, the stock has increased by 4.24%, and over the last month, it has surged by 42.86%. Positive financial results, including a significant growth in net sales and high quarterly profits before tax, contribute to its favorable valuation compared to peers. The stock's impressive one-year return of 179.67% further underscores its strong performance relative to the broader market.
In the broader market context, while SPA Capital Services Ltd has outperformed the Sensex, which has declined by 0.62% over the past week, the stock's liquidity has been noted as a concern, with a significant drop in delivery volume. Despite this, the stock's trading above all key moving averages indicates a bullish trend. The company's majority shareholders being promoters may also instill confidence among investors. Overall, the stock's strong returns and positive financial indicators are driving its upward movement, despite some signs of erratic trading and reduced investor participation.