Why is Alpex Solar falling/rising?

As of 30-Jun, Alpex Solar Ltd's stock price is rising, currently at 1,131.50, reflecting an increase of 38.75 or 3.55%. The stock has recently hit a new 52-week and all-time high of Rs.1163, indicating strong upward momentum. It has outperformed its sector by 2.8% today and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock has shown impressive returns over various periods, with a 1-year return of 20.74%, significantly higher than the market benchmark's return of 3.95%. The company's healthy long-term growth is supported by a substantial annual increase in net sales and operating profit, which further bolsters investor confidence.
In the broader market context, Alpex Solar's short-term performance has outpaced the Sensex, with a 1-week return of 15.07% compared to the benchmark's 2.18%. This strong performance is indicative of the stock's resilience and attractiveness to investors, despite a noted decline in delivery volume, which fell by 33.3% against the 5-day average. The liquidity of the stock remains adequate for trading, allowing for continued investor engagement. Overall, the combination of strong financial results and market-beating performance has contributed to the stock's rising price.