Why is Alpex Solar falling/rising?

As of 28-Jul, Alpex Solar Ltd's stock price is rising, currently at 1,273.75, reflecting an increase of 21.55 or 1.72%. The stock has recently hit a new 52-week and all-time high of Rs. 1,317.75, and it has outperformed its sector by 3.39%. Over the past week, Alpex Solar has shown a strong performance with a return of 12.46%, and over the last month, it has increased by 16.56%. The company has demonstrated impressive growth metrics, with net sales rising at an annual rate of 54.10% and operating profit soaring by 108.68%. The recent quarterly profit after tax has also shown significant growth of 124.7% compared to the previous four-quarter average, contributing positively to investor sentiment.
In the broader market context, while the BSE500 benchmark has experienced negative returns of -2.52% over the past year, Alpex Solar has managed to generate a remarkable return of 53.43%, indicating strong market-beating performance. This contrast highlights the stock's resilience and attractiveness to investors, particularly in a challenging market environment. Additionally, the rising investor participation, as evidenced by a 9.29% increase in delivery volume, further supports the stock's upward movement. Overall, the combination of strong financial performance, positive market sentiment, and favorable trading conditions has contributed to the stock's rise.