Why is Anand Rathi Wea. falling/rising?

As of 17-Sep, Anand Rathi Wealth Ltd's stock is currently priced at 3,049.00, reflecting a slight increase of 2.4 (0.08%). The stock has been performing well, gaining 4.16% over the last six days and is close to its 52-week high, being only 0.85% away from Rs 3,074.95. It has shown strong returns over various periods, including a 54.79% increase over the past year and an impressive 819.13% over the last three years. The company has demonstrated strong long-term fundamentals, with a high average Return on Equity (ROE) of 38.37% and consistent positive results for the last 14 quarters. However, there are concerns regarding a high valuation, as indicated by a Price to Book Value of 37.6, and a decrease in promoter confidence, with a 4.57% reduction in their stake.
In the broader market context, Anand Rathi Wealth Ltd has outperformed the Sensex, which has only increased by 1.56% over the past week, while the stock itself has risen by 3.83%. This indicates that the stock is gaining traction relative to the market. Despite a decline in investor participation, as evidenced by a 24.4% drop in delivery volume, the stock remains liquid enough for trading. The overall positive performance, coupled with strong fundamentals, suggests that the stock's recent upward movement is supported by investor confidence, although the concerns regarding valuation and promoter stake may pose risks moving forward.