Why is Anand Rathi Wea. falling/rising?

As of 29-Jul, Anand Rathi Wealth Ltd's stock price is rising, currently at Rs 2,685.65, reflecting an increase of Rs 53.15 or 2.02%. The stock has been gaining for the last two days, with a total return of 3.2% during this period. It is also close to its 52-week high, just 0.53% away from Rs 2,699.95. The stock has outperformed its sector by 1.56% today and is trading above all key moving averages, indicating strong momentum. Additionally, the company has demonstrated robust long-term fundamentals, with a high average Return on Equity (ROE) of 38.37% and consistent positive results over the last 14 quarters, contributing to its strong performance. However, there are concerns regarding a decrease in promoter confidence, as they have reduced their stake by 4.57%, which may signal potential risks for future growth.
In the broader market context, Anand Rathi Wealth Ltd has outperformed the benchmark Sensex in both the short-term and long-term. Over the past week, the stock has gained 1.80% while the Sensex has declined by 1.03%. In the last month, the stock has surged by 28.19%, contrasting sharply with the Sensex's drop of 3.24%. This significant outperformance highlights the stock's resilience and attractiveness to investors despite the broader market challenges.