Why is Trustedgecapital falling/rising?

As of 28-Jul, Trustedge Capital Ltd's stock price is rising, currently at Rs. 117.26, reflecting an increase of Rs. 5.58 or 5.0%. The stock has reached a new 52-week and all-time high today, having outperformed its sector by 6.37%. It has shown remarkable performance over the last 12 days, gaining 75.15% during this period. Additionally, the stock has generated significant returns of 381.76% over the past year and has consistently outperformed the BSE500 index over various time frames, including 1 year and 3 years. Positive sentiment is further bolstered by rising promoter confidence, as they have increased their stake in the company by 4.99%, indicating strong belief in the company's future prospects. However, it is important to note that the company is facing operating losses and has a weak long-term fundamental strength, which may temper enthusiasm.
In the broader market context, while Trustedge Capital has shown impressive short-term returns, the benchmark Sensex has declined by 1.59% over the past week and by 3.77% over the past month. This stark contrast highlights the stock's strong performance relative to the broader market, reinforcing its appeal to investors. Despite the company's operating losses and declining profits, the stock's recent gains suggest that investor sentiment remains optimistic, driven by the significant returns and increased promoter confidence. However, the falling investor participation, as indicated by a 66.45% drop in delivery volume, could signal potential caution among some investors regarding the stock's sustainability at these elevated levels.