Why is ACME Solar Hold. falling/rising?

As of 07-Aug, ACME Solar Holdings Ltd is experiencing a price increase, currently at 276.45, reflecting a rise of 10.05 or 3.77%. Today's price summary indicates that the stock has outperformed its sector by 4.95% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 278, marking a 4.35% increase. Over the past week, the stock has seen a slight decline of 0.31%, but it has performed well over the past month with an increase of 8.52%. The company has reported strong financial results, with operating profit growing at an annual rate of 91.03%, and institutional investors have increased their stake, indicating confidence in the company's fundamentals.
In the broader market context, while the Sensex has declined by 0.69% over the past week, ACME Solar's performance has been relatively strong, showcasing its resilience against market trends. The stock's year-to-date return of 17.34% significantly outpaces the Sensex's 3.18%, highlighting its robust growth potential. The increase in institutional investor participation suggests a positive outlook for the company, as these investors typically have more resources to analyze and support the stock's fundamentals. However, it is worth noting that there has been a decline in retail investor participation, with delivery volume dropping by 63.76% against the five-day average, which could impact future trading dynamics.