Why is Spice LoungeFood falling/rising?

As of 25-Aug, Spice LoungeFood Works Ltd's stock price is currently at Rs 38.23, reflecting an increase of Rs 1.82, or 5.0%. Today's price summary indicates that the stock has outperformed its sector by 5.19% and has experienced a trend reversal, gaining after five consecutive days of decline. Although the stock opened with a loss of 2%, it reached an intraday high of Rs 38.23, showcasing significant volatility with a wide trading range of Rs 3.64. The stock's year-to-date return stands at an impressive 320.11%, significantly outpacing the Sensex's 4.48% return. Positive financial results reported for June 25, including the highest PBDIT, PBT, and PAT for the quarter, have likely contributed to the recent upward movement in the stock price.
In the broader market context, the stock's short-term performance over the past week shows a decline of 3.09%, contrasting with the Sensex's modest gain of 0.45%. However, the stock's one-month return of 2.55% still surpasses the Sensex's 0.21% increase, indicating relative strength. The rising investor participation, evidenced by a 60.07% increase in delivery volume, suggests growing interest in the stock, which could further support its price movement. Overall, while the stock has faced short-term challenges, the positive financial results and increased trading activity appear to be driving its current rise.