Why is Alpex Solar falling/rising?

As of 25-Jun, Alpex Solar Ltd is experiencing a price increase, currently at 1,057.95, which reflects a rise of 26.95 or 2.61%. The stock has recently hit a new 52-week and all-time high of Rs.1150, indicating strong upward momentum. It has outperformed its sector by 2.13% today and is trading above all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 14.64% against the 5-day average. The company has demonstrated robust long-term growth, with net sales increasing at an annual rate of 54.10% and operating profit growing at 108.68%, contributing positively to the stock's recent performance.
In the broader market context, Alpex Solar's short-term return over the past week is +6.79%, significantly outperforming the Sensex, which has only increased by 1.74%. This strong performance is further supported by the company's impressive quarterly financial results, including the highest recorded PBDIT and net sales, which have likely bolstered investor confidence. Overall, the combination of strong financial growth, positive market sentiment, and favorable trading conditions has contributed to the upward movement of Alpex Solar's stock price.