Why is Anand Rayons falling/rising?

As of 15-Jul, Anand Rayons Ltd's stock price is currently at Rs 294.00, reflecting an increase of 1.1 (0.38%). The stock is trading close to its 52-week high, being only 3.74% away from Rs 305. Despite a slight underperformance today against its sector by -0.8%, the stock has shown strong returns over various periods, including a remarkable 535.68% increase over the past year. Positive financial indicators such as the highest quarterly PBDIT at Rs 2.83 crore and a solid operating profit to net sales ratio of 3.30% contribute to its upward movement. However, concerns about weak long-term fundamental strength, indicated by a -3.25% CAGR growth in operating profits over the last five years, may temper investor enthusiasm.
In the broader market context, Anand Rayons has outperformed the benchmark Sensex, which has declined by 1.36% over the past week while the stock itself has gained 0.24%. The stock's strong performance over the long term, including a 95.35% increase year-to-date, contrasts with the Sensex's 5.67% gain in the same period. Despite these positive trends, the lack of domestic mutual fund investment, which stands at 0%, suggests some caution among institutional investors regarding the stock's valuation, as it trades at a premium compared to its peers. This mixed sentiment may influence future price movements as investors weigh the stock's impressive short-term gains against its long-term growth challenges.