Why is Anand Rathi Wea. falling/rising?

As of 18-Jul, Anand Rathi Wealth Ltd's stock price is rising, currently at 2,618.15, reflecting an increase of 42.15 (1.64%). The stock has recently reached a new 52-week high of Rs 2,692 and has outperformed its sector by 1.93%. Over the past three days, it has gained 6.66%, and it is trading above all key moving averages, indicating strong momentum. The company has demonstrated robust long-term fundamentals, with a high average return on equity of 38.37% and consistent positive results over the last 14 quarters. However, there are concerns regarding valuation, as the stock is considered expensive with a price-to-book ratio of 32.3, and a decrease in promoter stake by 4.57% may signal reduced confidence in future performance.
In the broader market context, Anand Rathi Wealth Ltd has significantly outperformed the Sensex, with a one-week return of +18.39% compared to the benchmark's -0.90%. The stock's year-to-date performance stands at +32.56%, while the Sensex has only gained +4.63%. This stark contrast highlights the stock's strong appeal among investors, particularly in light of its healthy operating profit growth and consistent returns over the past three years. Despite the positive momentum, the high valuation and decreasing promoter confidence could pose risks to future performance, which investors should monitor closely.