Why is Anand Rayons falling/rising?

As of 28-Jul, Anand Rayons Ltd's stock price is currently at Rs 296.00, reflecting an increase of Rs 0.5 or 0.17%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and is currently 3.04% away from its 52-week high of Rs 305. In terms of performance, the stock has outperformed its sector by 1.11% today. Over the past year, Anand Rayons has delivered an impressive return of 544.46%, significantly outperforming the BSE500 index, which has seen a decline of 0.54%. However, despite these strong returns, the company has shown weak long-term fundamental strength, with a -3.25% CAGR growth in operating profits over the last five years, and its profits have only risen by 9.9% over the past year. In the broader market context, while Anand Rayons has performed well in the short term, with a 0.36% increase over the past month compared to a 3.77% decline in the benchmark, the overall market sentiment appears to be cautious. The stock's valuation is considered expensive, trading at a premium compared to its peers, which may deter some investors. Additionally, the lack of domestic mutual fund investment, holding only 0% of the company, suggests a lack of confidence from institutional investors, potentially impacting future price movements.