Why is Active Clothing falling/rising?

As of 10-Jun, Active Clothing Co Ltd is experiencing a price increase, currently at 139.00, which reflects a rise of 8.85 or 6.8%. The stock has shown strong performance today, outperforming its sector by 6.55% and has been on a consecutive gain streak for the last six days, accumulating a remarkable 38.1% return during this period. Despite opening with a loss of 2.42%, the stock reached an intraday high of Rs 150.75, showcasing significant volatility with an intraday range of Rs 23.75. The company has demonstrated robust financial health, with a net profit growth of 170.9% and consistent positive results over the last three quarters, contributing to its long-term growth narrative.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 2.05% over the past week, Active Clothing's stock has surged by 37.22%, indicating a strong outperformance. This trend is consistent with its performance over the last month, where the stock rose by 52.51% compared to the Sensex's 3.70%. The stock's ability to maintain a high return on capital employed and its favorable valuation relative to peers further supports its upward trajectory, despite a recent decline in investor participation. Overall, the combination of strong financial results and significant outperformance against the benchmark has contributed to the stock's rising price.