Why is Anand Rathi Wea. falling/rising?

As of 16-Jul, Anand Rathi Wealth Ltd is experiencing a price increase, currently at Rs 2,510.00, reflecting a rise of Rs 55.4 or 2.26%. The stock has shown strong performance, with a 1-week return of +19.62% and a year-to-date return of +27.09%, significantly outperforming the Sensex, which has only gained +5.75% in the same period. Today's trading has seen the stock reach an intraday high of Rs 2,532.85, and it is currently just 3.51% away from its 52-week high. Despite a decrease in delivery volume by 30.01% compared to the 5-day average, the stock remains liquid enough for trading, supported by strong long-term fundamentals, including a high average return on equity (ROE) of 38.37% and consistent positive results over the last 14 quarters.
In the broader market context, Anand Rathi Wealth Ltd's recent performance stands in stark contrast to the Sensex, which has declined by 1.08% over the past week. The stock's impressive growth trajectory, with a 3-year return of +686.65%, highlights its strong position relative to market benchmarks. However, it is important to note that the stock is trading at a premium valuation, with a price-to-book value of 30.9, which may raise concerns among investors about its sustainability. Despite these risks, the company's robust operating profit growth and consistent returns over the years contribute to its positive momentum in the market.