Why is Syrma SGS Tech. falling/rising?

As of 21-Jul, Syrma SGS Technology Ltd is experiencing a price increase, currently at Rs 708.90, which reflects a rise of Rs 5.95 or 0.85%. The stock has shown strong performance recently, with a 1-week return of 4.02% and a remarkable 39.63% increase over the past month. It is currently trading close to its 52-week high, just 2.77% away from Rs 728.55. Today's trading activity indicates that the stock outperformed its sector by 0.56%, despite touching an intraday low of Rs 675.2. The company has demonstrated healthy growth, with net sales and net profit increasing significantly, and it has declared positive results for the last three consecutive quarters, contributing to its favorable market perception.
In the broader market context, Syrma SGS Technology Ltd's performance stands out against the benchmark, as it has generated a return of 56.32% over the past year, significantly outperforming the BSE500's return of only 1.63%. This strong performance is supported by rising investor participation, with a notable increase in delivery volume. However, there are concerns regarding the decreasing stake of institutional investors, which may impact future price movements. Despite these risks, the stock's current upward trend is bolstered by its solid financial results and market-beating performance.