Why is Syrma SGS Tech. falling/rising?

As of 03-Jul, Syrma SGS Technology Ltd is experiencing a slight increase in its stock price, currently at 606.60, reflecting a change of 0.6 or 0.1% upward. The stock has been on a positive trajectory, gaining 20.2% over the last eight days and outperforming the benchmark with a one-year return of 22.24% compared to the BSE500's 2.20%. Despite today's performance underperforming its sector by 3.18%, the stock is trading above its moving averages across various time frames, indicating strong momentum. The company's financial health is underscored by a low debt-to-equity ratio and impressive growth in net sales and profits, which have contributed to its positive results over the last three quarters.
In the broader market context, while the stock has shown strong short-term performance, the Sensex has seen a decline of 0.62% over the past week, contrasting with Syrma's 12.34% gain. This divergence highlights the stock's resilience amid a challenging market environment. However, there are concerns regarding falling participation from institutional investors, who have reduced their stake by 2.03%, which could impact future price movements. Overall, the combination of strong recent performance, healthy financial metrics, and the broader market's mixed signals contributes to the stock's current upward movement.