Why is Alpex Solar falling/rising?

As of 27-Jun, Alpex Solar Ltd's stock price is currently at 1,092.75, reflecting an increase of 13.7, or 1.27%. The stock has shown strong performance recently, with a 9.43% increase over the past week and a remarkable 24.81% rise over the last month. Additionally, it is trading above all its moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 6.27% compared to the 5-day average. Despite this, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 54.10% and operating profit rising by 108.68%, contributing to the stock's upward movement.
In the broader market context, Alpex Solar's performance has significantly outpaced the benchmark Sensex, which has only increased by 2.09% over the past week and 3.27% over the past month. The stock's year-to-date return of 28.84% also surpasses the Sensex's 8.43% increase, highlighting its strong relative performance. This outperformance, combined with the company's robust financial metrics, suggests that investor confidence remains high, despite the recent drop in trading volume. Overall, the positive financial indicators and strong stock performance relative to the market are driving the stock's rise.