Why is ACME Solar Hold. falling/rising?

As of 10-Jul, ACME Solar Holdings Ltd is experiencing a significant rise in its stock price, currently at Rs 288.50, reflecting an increase of Rs 25.35 or 9.63%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 15.54% during this period. It is currently trading close to its 52-week high, just 1.21% away from Rs 292. Additionally, the stock has outperformed its sector by 9.3% today, with a notable increase in investor participation, as evidenced by a 148.39% rise in delivery volume compared to the five-day average. The company's strong financial performance, including a remarkable growth in operating profit and profit after tax, has contributed to positive investor sentiment.
In the broader market context, ACME Solar's short-term performance stands in stark contrast to the Sensex, which has seen a negligible change of -0.06% over the past week. While the stock has risen by 15.42% in the same timeframe, the benchmark has only increased by 0.97% over the past month. This divergence highlights the stock's strong momentum relative to the overall market. The company's impressive growth metrics, such as a 2122.8% increase in profit before tax and a 331.4% rise in profit after tax compared to previous quarters, further support its rising stock price amidst a generally stable market environment.