Why is Anand Rathi Wea. falling/rising?

As of 23-Jul, Anand Rathi Wealth Ltd's stock price is rising, currently at 2,677.10, reflecting an increase of 39.0 or 1.48%. The stock has recently hit a new 52-week high of Rs. 2695.4 and has outperformed its sector by 0.94%. Over the past week, the stock has gained 6.66%, and it has shown impressive returns of 27.79% over the past month and 41.70% over the past year. Despite a recent decline in delivery volume, the stock is trading above its moving averages, indicating strong momentum. Positive factors include robust long-term fundamentals, with a high return on equity and consistent profit growth, while concerns about decreasing promoter confidence and high valuation metrics may temper some investor enthusiasm.
Broader market context shows that Anand Rathi Wealth Ltd has significantly outperformed the Sensex, which has only increased by 0.11% in the past week and 1.01% in the past month. The stock's year-to-date return of 35.55% also contrasts sharply with the Sensex's 5.87% increase, highlighting its strong performance relative to the broader market. This disparity suggests that investor sentiment towards Anand Rathi Wealth Ltd remains positive, driven by its strong financial results and growth prospects, despite some caution regarding valuation and promoter stake reduction.