Why is Anand Rathi Wea. falling/rising?

As of 05-Jun, Anand Rathi Wealth Ltd is experiencing a price increase, currently trading at 1,973.85, reflecting a rise of 5.85 or 0.3%. The stock has shown a positive performance today, gaining 1.83% over the last two days and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant drop in delivery volume, which fell by 75.03% against the 5-day average, the stock's strong long-term fundamentals, including an average Return on Equity (ROE) of 38.37% and healthy growth rates in net sales and operating profit, contribute to its mildly bullish technical trend. However, the stock's valuation is considered expensive compared to peers, with a Price to Book Value of 24.3, and it has generated a negative return of -1.19% over the past year.
In the broader market context, Anand Rathi Wealth Ltd has outperformed the Sensex in the short term, with a 1-week return of +5.10% compared to the benchmark's -0.23%. While the stock has shown strong short-term performance, its year-to-date return is slightly negative at -0.06%, contrasting with the Sensex's positive return of +4.23%. This divergence indicates that while the stock is currently rising, it has faced challenges over a longer time frame, suggesting a complex interplay of factors influencing investor sentiment and market performance.