Why is Alfa Ica (I) falling/rising?

As of 23-Jul, Alfa Ica (India) Ltd's stock price is currently at Rs 94.50, reflecting an increase of Rs 3.45, or 3.79%. The stock has shown strong performance today, outperforming its sector by 4.04% and reaching an intraday high of Rs 94.73. Over the past week, the stock has gained 2.21%, and over the past month, it has risen by 8.62%. Despite a year-to-date decline of 2.48%, the stock has generated a substantial return of 35.02% over the past year, significantly outperforming the BSE500 index in each of the last three annual periods. Positive factors contributing to this rise include the highest quarterly net sales and operating profit margins, alongside a favorable valuation compared to peers. However, it is important to note that there has been a significant drop in investor participation, with delivery volume falling by 85.35% against the 5-day average.
In the broader market context, Alfa Ica's recent short-term performance has outpaced the Sensex, which has only increased by 0.11% over the past week. This indicates that while the overall market has been relatively flat, Alfa Ica has managed to attract investor interest, likely due to its strong quarterly results and attractive valuation metrics. The stock's ability to maintain consistent returns over the last three years, despite a recent decline in profits, suggests resilience and potential for future growth, further distinguishing it from the broader market trends.