Why is Anand Rayons falling/rising?

As of 18-Jul, Anand Rayons Ltd's stock price is currently at Rs 297.00, reflecting an increase of 1.0 (0.34%). The stock has shown strong performance in the recent past, with a 1-week return of +1.38% and a remarkable 1-year return of +548.05%, significantly outperforming the Sensex, which has only gained +0.51% over the same period. Today's trading saw the stock open lower, down by -3.36%, and it touched an intraday low of Rs 286.05. However, it is currently trading above all key moving averages, indicating a positive trend. Despite a recent drop in delivery volume by -45.56%, the company reported its highest quarterly PBDIT at Rs 2.83 crore and a strong operating profit margin of 3.30%, which may have contributed to the stock's resilience.
In the broader market context, Anand Rayons has outperformed the benchmark indices over various time frames, including a +4.87% return over the past month compared to the Sensex's +0.38%. However, there are concerns regarding the company's long-term fundamental strength, as indicated by a -3.25% CAGR growth in operating profits over the last five years and a relatively high Price to Book Value of 9.4, suggesting that the stock may be overvalued compared to its peers. Additionally, the lack of domestic mutual fund investment, holding only 0% of the company, raises questions about institutional confidence in the stock's valuation and future performance.