Why is ACME Solar Hold. falling/rising?

As of 21-Jul, ACME Solar Holdings Ltd is experiencing a price increase, currently at Rs 286.60, reflecting a rise of Rs 11.1 or 4.03%. The stock has shown a trend reversal, gaining after five consecutive days of decline, and has outperformed its sector by 2.11%. It reached an intraday high of Rs 288.2, indicating strong intraday performance. Over the past month, the stock has appreciated by 16.10%, while year-to-date returns stand at 21.65%. Positive financial metrics, such as a significant growth in operating profit at an annual rate of 91.03% and a remarkable increase in profit before tax, have contributed to the stock's upward movement.
In the broader market context, ACME Solar's recent performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week. While the stock has outperformed the benchmark in the short term, the delivery volume has decreased significantly, indicating falling investor participation. Despite this, the stock remains liquid enough for trading, suggesting that there is still interest among investors. Overall, the combination of strong financial performance and a recent trend reversal has led to the stock's rise, even as broader market conditions show mixed signals.