Why is Aarnav Fashions falling/rising?

As of 05-Jun, Aarnav Fashions Ltd's stock price is currently at Rs 49.35, reflecting an increase of Rs 1.33 or 2.77%. The stock has shown a positive trend recently, gaining for the last three days with a total return of 8.46% during this period. Today, it reached an intraday high of Rs 50.8, representing a rise of 5.79%, although it also experienced a low of Rs 46, which was a decline of 4.21%. The stock has been trading in a wide range of Rs 4.8, and there has been a notable increase in investor participation, with delivery volume rising by 18.71% compared to the five-day average. However, the stock's performance over the year-to-date remains weak, with a decline of 22.20%, despite a strong one-year return of 67.34%.
In the broader market context, Aarnav Fashions' short-term performance has outpaced the benchmark Sensex, which has seen a decline of 0.23% over the past week, while Aarnav Fashions fell by 2.28%. This indicates that while the stock is currently experiencing a positive movement, its longer-term performance has been less favorable compared to the benchmark. The stock's liquidity appears adequate for trading, suggesting that it can attract investor interest despite its recent volatility. Overall, the combination of recent gains, increased trading volume, and a favorable short-term comparison to the benchmark contributes to the stock's rising price.