Why is Anand Rayons falling/rising?

As of 01-Jul, Anand Rayons Ltd's stock price is currently at Rs 304.00, reflecting an increase of Rs 5.5 or 1.84%. The stock has shown strong performance recently, gaining 6.31% over the past week and 13.43% over the past month. It is also close to its 52-week high, just 0.33% away from Rs 305. The stock has been on a consecutive gain streak for the last five days, and its trading is above all key moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 168.57% compared to the five-day average. The company has reported its highest quarterly operating profit to net sales ratio at 3.30%, contributing positively to its recent price movement.
In the broader market context, Anand Rayons has outperformed the benchmark Sensex, which has only gained 2.00% over the past week, while Anand Rayons has achieved a return of 6.31%. This trend of outperforming the market is consistent over longer periods, with the stock delivering a remarkable 567.25% return over the past year compared to the Sensex's 5.31%. The strong performance in both short-term and long-term metrics indicates robust investor confidence and market sentiment towards Anand Rayons, further supporting its rising stock price.