Why is Alpex Solar falling/rising?

As of 26-Jun, Alpex Solar Ltd is experiencing a price increase, currently at 1,079.05, reflecting a rise of 21.1 points or 1.99%. The stock has shown strong performance today, outperforming its sector by 0.49%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has also seen a significant increase in investor participation, with delivery volume rising by 237.51% compared to the 5-day average. Over the past week, the stock has gained 12.38%, and over the past month, it has increased by 20.12%, showcasing robust growth. The company's net sales have grown at an annual rate of 54.10%, and its operating profit has surged by 108.68%, contributing to its positive momentum.
In the broader market context, Alpex Solar's recent performance has significantly outpaced the Sensex, which has only increased by 3.05% over the past week and 2.19% over the past month. This strong relative performance highlights investor confidence in Alpex Solar amidst a generally positive market environment. The company's impressive quarterly results, including the highest PBDIT and PBT figures, further bolster its growth prospects, making it an attractive option for investors. Overall, the combination of strong financial performance, increased trading activity, and favorable comparisons to the benchmark index supports the stock's upward movement.