Why is ACME Solar Hold. falling/rising?

As of 22-Sep, ACME Solar Holdings Ltd is experiencing a price increase, currently at Rs 298.80, reflecting a rise of 4.05 (1.37%). The stock has shown a trend reversal, gaining after five consecutive days of decline, and it outperformed its sector by 1.9% today. The stock reached an intraday high of Rs 301.15, indicating positive momentum. Over the past month, ACME Solar has delivered a return of 2.82%, significantly outperforming the Sensex, which returned 1.05%. The company has reported strong financial performance, with operating profit growing at an annual rate of 91.03%, and has declared positive results for the last two consecutive quarters, contributing to increased investor confidence.
In the broader market context, while ACME Solar's short-term performance has been positive, it has underperformed the benchmark Sensex over the past week, with a decline of 3.98% compared to the Sensex's gain of 0.46%. However, the recent increase in institutional investor participation, with a 0.53% rise in their stake, suggests a growing confidence in the company's fundamentals. This institutional backing, along with the stock's healthy long-term growth prospects, is likely contributing to the recent upward movement in its price.