Why is Alpex Solar falling/rising?

As of 04-Aug, Alpex Solar Ltd is experiencing a price increase, currently at 1,269.90, which reflects a rise of 39.35 or 3.2%. The stock has shown strong performance today, outperforming its sector by 4.09% and reaching an intraday high of Rs 1,273.95. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past month, the stock has gained 14.92%, significantly outperforming the benchmark Sensex, which has declined by 2.90%. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 54.10% and operating profit rising by 108.68%, contributing to the stock's upward momentum.
In the broader market context, while the Sensex has generated negative returns of -2.90% over the past month, Alpex Solar's robust performance stands out, particularly with a year-to-date return of 49.73% compared to the Sensex's 4.56%. This contrast highlights the stock's resilience and attractiveness to investors despite a generally unfavorable market environment. However, it's worth noting that there has been a slight decline in investor participation, with delivery volume decreasing by 0.64% against the 5-day average, which could be a point of concern moving forward. Overall, the combination of strong financial performance and market-beating returns has contributed to the stock's rise.