Why is Tanla Platforms falling/rising?

As of 23-Sep, Tanla Platforms Ltd is currently priced at 735.85, reflecting a slight increase of 0.3 (0.04%). The stock has shown strong performance recently, with a 6.83% increase over the past week and a notable 17.84% rise over the past month, significantly outperforming the Sensex, which has seen a decline of 0.34% in the same week. Despite a year-over-year decline of 21.84%, the company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 142.36%. Additionally, the stock is trading above its moving averages across various time frames, indicating positive momentum. However, there has been a decline in investor participation, with delivery volume falling by 19.35% compared to the five-day average. Promoter confidence is also on the rise, as they have increased their stake by 1.39%, signaling optimism about the company's future.
In the broader market context, Tanla Platforms has outperformed the Sensex in the short term, with a 6.83% gain over the past week compared to the benchmark's decline. This performance is particularly noteworthy given the stock's year-to-date return of 9.50%, which also surpasses the Sensex's 5.07% increase. The company's low debt-to-equity ratio and attractive valuation, with a price-to-book value of 4.3, further support its positive outlook. While the stock has faced challenges over the past year, the recent uptick in promoter confidence and strong operational growth may contribute to its resilience in the current market environment.