Why is Alpex Solar falling/rising?

As of 15-Jul, Alpex Solar Ltd's stock price is rising, currently at 1,190.35, reflecting an increase of 36.95 or 3.2%. The stock has recently hit a new 52-week and all-time high of Rs.1209, indicating strong upward momentum. It has outperformed its sector by 2.7% today and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 50.48% compared to the 5-day average. Over the past year, the stock has generated a return of 36.11%, significantly outperforming the market benchmark, which returned only 0.37%.
In the broader market context, Alpex Solar's short-term performance stands in stark contrast to the Sensex, which has declined by 1.28% over the past week. The stock's robust growth is supported by impressive financial metrics, including a 54.10% annual growth rate in net sales and a remarkable 108.68% increase in operating profit. These strong fundamentals, coupled with the highest quarterly figures for PBDIT and PBT, contribute to a positive outlook for the company, reinforcing investor confidence and driving the stock price higher.