Why is Anand Rathi Wea. falling/rising?

As of 11-Jul, Anand Rathi Wealth Ltd is experiencing a price increase, currently at Rs 2,211.45, reflecting a rise of Rs 86.45 or 4.07%. The stock has shown strong performance today, outperforming its sector by 4.99% and gaining 6.46% over the last three days. It opened with a gap up of 3.51% and reached an intraday high of Rs 2,250, which is just 4.92% away from its 52-week high. The stock has consistently traded above its moving averages and has seen a significant increase in investor participation, with delivery volume rising by 54.11% compared to the five-day average. The company's strong fundamentals, including a high return on equity and consistent positive results over the last 14 quarters, contribute to its upward momentum.
In the broader market context, Anand Rathi Wealth Ltd has outperformed the Sensex, with a one-week return of 5.07% compared to the benchmark's decline of 1.12%. Over the past month, the stock has gained 8.24%, while the Sensex remained nearly flat. Despite its strong performance, the stock is considered to have a very expensive valuation, trading at a premium compared to its peers. While the company has shown healthy growth in net sales and operating profit, the high price-to-book value and elevated PEG ratio indicate potential risks that could affect future performance.