Why is ACME Solar Hold. falling/rising?

As of 09-Jul, ACME Solar Holdings Ltd is experiencing a price increase, currently at 263.15, reflecting a change of 4.25 or 1.64% upward. The stock has shown strong performance today, outperforming its sector by 1.96% and achieving a consecutive gain over the last three days with a total return of 5.39% during this period. It reached an intraday high of Rs 271, indicating positive momentum. Additionally, the stock has outperformed the benchmark Sensex over the past week and month, with returns of 5.58% and 5.83%, respectively. The company has demonstrated robust growth metrics, including a significant increase in operating profit and profit after tax, which have grown at annual rates of 91.03% and 331.4%, respectively, contributing to the stock's upward movement.
In the broader market context, while the Sensex has only increased by 0.15% in the past week and 1.32% in the past month, ACME Solar's performance significantly surpasses these figures, highlighting its strength relative to the market. However, there is a noted decline in investor participation, with delivery volume falling by 9.19% against the five-day average, which could be a concern for future trading activity. Despite this, the stock remains liquid enough for trading, and its consistent performance above various moving averages suggests a strong upward trend, reinforcing investor confidence in its long-term growth potential.