Why is Anand Rathi Wea. falling/rising?

As of 18-Sep, Anand Rathi Wealth Ltd is experiencing a slight increase in its stock price, currently at 3,058.40, reflecting a change of 9.4 (0.31%) upwards. The stock has recently reached a new 52-week high of Rs. 3095 and has shown a strong performance over the past week, gaining 4.48% and outperforming the Sensex, which rose by 1.80% in the same period. The company has demonstrated robust long-term fundamentals, with an average Return on Equity (ROE) of 38.37% and consistent positive results over the last 14 quarters. However, there are concerns regarding a decrease in promoter confidence, as they have reduced their stake by 4.57%, which may indicate uncertainty about the company's future.
In the broader market context, Anand Rathi Wealth Ltd has outperformed the Sensex significantly over various time frames, including a year-to-date return of 54.86% compared to the Sensex's 6.24%. Despite this strong performance, the stock is trading at a premium valuation with a Price to Book Value of 37.7, which raises concerns about its sustainability. Additionally, while the stock has shown impressive returns over the past year, its profit growth of 30.6% suggests that the high valuation may not be fully justified, as indicated by a PEG ratio of 2.5. The recent decline in delivery volume by 43.8% against the 5-day average also points to a potential reduction in investor participation, which could affect future price movements.