Why is Alpex Solar falling/rising?

As of 14-Jul, Alpex Solar Ltd's stock price is currently at 1,153.40, reflecting an increase of 46.45, or 4.2%. The stock is trading close to its 52-week high, just 0.83% away from Rs 1,163, and has outperformed its sector by 5.04% today. Additionally, Alpex Solar has shown strong performance over various time frames, with a 1-month return of 17.48% and a year-to-date return of 35.99%, significantly surpassing the broader market's performance. Despite a recent decline in investor participation, as indicated by a 48.64% drop in delivery volume, the company has demonstrated robust financial health, with net sales growing at an annual rate of 54.10% and operating profit increasing by 108.68%.
In the broader market context, Alpex Solar's short-term performance has been notably strong, with a 1-week return of 2.98% compared to a decline of 1.49% in the Sensex, indicating that the stock is gaining traction even as the market faces challenges. The company's impressive financial results, including record high PBDIT and net sales, further bolster investor confidence, contributing to the stock's upward movement. Overall, while there are signs of reduced trading volume, the strong fundamentals and market-beating returns suggest that Alpex Solar is positioned favorably in the current market environment.