Why is Syrma SGS Tech. falling/rising?

As of 10-Jul, Syrma SGS Technology Ltd's stock price is rising, currently at 663.35, reflecting an increase of 14.2 or 2.19%. The stock has recently hit a new 52-week high of Rs. 682.7 and has outperformed its sector by 2.13%. Over the past week, the stock has gained 9.36%, and in the last month, it has surged by 22.98%. The company has shown strong performance with a net sales growth rate of 36.11% and a net profit increase of 34.79%, contributing to positive investor sentiment. However, there are concerns regarding a decrease in institutional investor participation, which has dropped by 2.03% over the previous quarter.
Broader Market Context: In comparison to the benchmark, the stock's performance has been significantly stronger, with a 1-year return of 35.38% against the BSE500's return of only 1.46%. This indicates that Syrma SGS Technology Ltd is not only performing well on its own but is also gaining traction relative to the broader market. The stock's liquidity is adequate for trading, and it is currently trading above all key moving averages, further supporting its upward momentum.