Why is Western Carriers falling/rising?

As of 26-Jun, Western Carriers (India) Ltd is experiencing a price increase, with its current price at 114.45, reflecting a rise of 3.95 or 3.57%. The stock has shown strong performance today, outperforming its sector by 2.77% and has been on a consecutive gain streak for the last five days, accumulating a total return of 7.01% during this period. Notably, the stock opened with a significant gap up of 12.22% and reached an intraday high of Rs 124. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is important to note that while the stock has generated a return of 0.00% over the past year, its profits have declined by 19%, which may temper investor enthusiasm despite the current positive momentum.
In the broader market context, Western Carriers has outperformed the benchmark Sensex over the past week, with a return of 7.01% compared to the Sensex's 2.94%. Over the past month, the stock has also significantly outperformed the benchmark, achieving a return of 20.82% against the Sensex's 1.92%. This strong performance relative to the benchmark suggests that investor sentiment is currently favorable towards Western Carriers, despite the company's recent profit decline and the overall market conditions. The rising investor participation, as indicated by an increase in delivery volume, further supports the stock's upward movement, highlighting a growing interest among investors.