Why is Alpex Solar falling/rising?

As of 23-Jul, Alpex Solar Ltd's stock price is rising, currently at 1,210.45, reflecting an increase of 76.65 or 6.76%. The stock has recently hit a new 52-week and all-time high of Rs.1260, indicating strong upward momentum. It has outperformed its sector by 7.07% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 1.88%, and it has shown impressive returns of 23.10% over the past month and 44.28% over the past year, significantly surpassing the market's performance. Despite this positive trend, there has been a decline in investor participation, with delivery volume dropping by 19.2% compared to the 5-day average.
In the broader market context, Alpex Solar's recent performance stands out against the benchmark Sensex, which has only increased by 0.03% over the past week. The stock's strong growth is supported by healthy long-term fundamentals, including a remarkable annual growth rate in net sales of 54.10% and a substantial increase in operating profit. The company's profit after tax for the latest quarter has surged by 124.7% compared to the previous four-quarter average, further solidifying its market-beating performance. Overall, while the stock is experiencing a rise, the decrease in delivery volume may suggest caution among investors, but the underlying financial metrics remain robust.