Why is Tanla Platforms falling/rising?

As of 24-Sep, Tanla Platforms Ltd is experiencing a rise in its stock price, currently at 748.90, reflecting an increase of 13.05 or 1.77%. The stock has shown strong performance recently, outperforming its sector by 2.43% today and achieving a consecutive gain over the last two days with a total return of 1.81%. Additionally, it has performed well over the past week and month, with returns of +7.19% and +19.93%, respectively. The stock is trading above its moving averages across various time frames, indicating positive momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 57.76% compared to the five-day average. The company's low debt-to-equity ratio and healthy long-term growth, evidenced by a significant annual increase in operating profit, contribute positively to its valuation, while rising promoter confidence, with a 1.39% increase in stake, signals optimism about the company's future.
In the broader market context, Tanla Platforms has outperformed the Sensex, which has seen a decline of 1.18% over the past week, while the stock has gained 7.19%. This contrast highlights the stock's relative strength amid a challenging market environment. Over the past month, while the Sensex has only increased by 0.50%, Tanla Platforms has surged by nearly 20%, showcasing its resilience and attractiveness to investors. Despite a year-over-year decline of 19.06% in stock returns, the recent positive indicators and promoter confidence suggest a potential turnaround, distinguishing it from the broader market trends.