Why is Tanla Platforms falling/rising?

As of 11-Sep, Tanla Platforms Ltd is experiencing a price increase, currently at 703.80, reflecting a rise of 6.85 or 0.98%. The stock has shown strong performance recently, gaining 13.88% over the last nine days and outperforming its sector by 1.32% today. Additionally, it has outperformed the benchmark Sensex with a weekly return of 8.63% compared to the Sensex's 1.03%. The stock is trading above its moving averages across various timeframes, indicating positive momentum. The company's low debt-to-equity ratio and healthy long-term growth, with operating profit increasing at an annual rate of 142.36%, further support its recent price movement. Moreover, rising promoter confidence, with a 1.39% increase in their stake, suggests optimism about the company's future.
In the broader market context, while Tanla Platforms has had a strong short-term performance, its year-to-date return of 4.73% is slightly above the Sensex's 4.36%, indicating a favorable position relative to the market. However, the stock's one-year performance shows a decline of 24.73%, contrasting sharply with the Sensex's minimal gain of 0.03%. This discrepancy highlights the stock's volatility and the challenges it has faced over a longer period, despite recent positive trends. Overall, the combination of strong recent performance, rising investor participation, and promoter confidence contributes to the stock's upward movement, even as it navigates a historically challenging year.