Why is Anand Rayons falling/rising?

As of 27-Jun, Anand Rayons Ltd's stock price is currently at Rs. 294.95, reflecting an increase of Rs. 5.95 or 2.06%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last three days with a total return of 3.15% during this period. Despite opening lower with a loss of 2.25%, the stock managed to touch an intraday high of Rs. 294.95. Over the past year, Anand Rayons has delivered impressive returns of 538.56%, significantly outperforming the BSE 500 index over various time frames. The company's strong financial performance, highlighted by its highest quarterly PBDIT and operating profit margins, further supports its recent price movement.
In the broader market context, Anand Rayons' short-term performance over the past week shows a return of 1.76%, which is slightly below the Sensex's return of 2.00%. However, the stock's year-to-date performance of 95.98% far exceeds the Sensex's 7.58%, indicating robust long-term growth. Despite a recent decline in investor participation, as evidenced by a 37.66% drop in delivery volume, the stock remains liquid enough for trading. Overall, the combination of strong financial metrics and consistent long-term outperformance contributes to the stock's rising price, even amidst some short-term volatility.