Why is Vimta Labs falling/rising?

As of 15-Oct, Vimta Labs Ltd's stock price is currently at Rs 699.00, reflecting an increase of Rs 11.0 or 1.6%. Today's price summary indicates that the stock outperformed its sector by 2.37%, reaching an intraday high of Rs 708.2, which is a 2.94% increase. Despite a negative return of -11.57% over the past month, the stock has shown impressive long-term performance, with a year-to-date increase of 40.50% and a remarkable 154.64% rise over the past year. The company has demonstrated strong financial health, with a low debt-to-equity ratio of 0.03 times and consistent positive results over the last three quarters, including record operating cash flow and net sales.
Broader Market Context: In the context of the broader market, Vimta Labs' recent performance contrasts with the Sensex, which has gained 1.00% over the past month. While the stock has struggled in the short term, its long-term growth trajectory remains robust, significantly outperforming the benchmark indices over various periods, including a 296.76% increase over three years. This strong performance, coupled with rising investor participation and liquidity, suggests that the stock's recent upward movement may be driven by investor confidence in its long-term growth potential despite short-term volatility.