Why is Anand Rayons falling/rising?

As of 30-Jun, Anand Rayons Ltd's stock price is currently at Rs. 298.50, reflecting an increase of Rs. 3.55 or 1.2%. The stock has recently reached a new 52-week high of Rs. 305, indicating strong upward momentum, as it has gained 4.39% over the last four days. Despite this positive trend, the stock underperformed its sector by 1.19% today. Notably, Anand Rayons has demonstrated impressive long-term performance, with a staggering 549.76% return over the past year and consistent outperformance against the BSE 500 over various time frames. Key financial indicators such as the highest PBDIT and operating profit to net sales ratios further support the stock's positive outlook.
In the broader market context, Anand Rayons' short-term performance of +4.04% over the past week surpasses the Sensex's gain of +2.09%, showcasing its strength relative to the benchmark. The overall trading environment has been favorable, with the sector gaining 2.38%. However, there are signs of declining investor participation, as evidenced by a drop in delivery volume. Despite this, the stock remains liquid enough for trading, which may help sustain its price movement. Overall, the combination of strong financial performance and favorable short-term returns contributes to the stock's rising price, even amidst some challenges in investor engagement.