Why is Anand Rathi Wea. falling/rising?

As of 17-Jul, Anand Rathi Wealth Ltd's stock price is rising, currently at Rs 2,576.00, reflecting an increase of Rs 66.0 or 2.63%. The stock has recently hit a new 52-week high of Rs 2,629.45 and has outperformed its sector by 2.96%. Over the past week, the stock has gained 21.22%, and it has shown a strong performance with a 30.43% increase year-to-date. The company has demonstrated robust long-term fundamental strength, with an average Return on Equity (ROE) of 38.37% and consistent positive results over the last 14 quarters, contributing to its recent upward movement. However, there is a noted decline in investor participation, with delivery volume falling by 17.38% against the 5-day average, which may raise concerns about sustainability.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a decline of 1.12% over the past week, Anand Rathi Wealth Ltd's stock has significantly outperformed, showcasing its strength in a challenging market environment. The stock's performance over the last year, yielding a return of 31.83% compared to the Sensex's 1.91%, further emphasizes its resilience and attractiveness to investors. Despite its strong performance, the stock is considered expensive with a Price to Book Value of 31.7, which may pose risks if market conditions shift or if the company's growth does not meet high expectations.