Why is Anand Rayons falling/rising?

As of 01-Sep, Anand Rayons Ltd's stock price is rising, currently at 316.95, reflecting an increase of 9.95 (3.24%). The stock has recently reached a new 52-week high of Rs. 317 and has been on a gaining streak for the last four days, with a total return of 4.79% over the past week. Despite a slight decline in delivery volume, the stock is trading above its moving averages, indicating strong performance. Over the past year, Anand Rayons has generated an impressive return of 568.53%, significantly outperforming the BSE500 index. However, it is important to note that the company has shown weak long-term fundamental strength, with a -3.69% CAGR growth in operating profits over the last five years, and a high valuation compared to its peers.
In the broader market context, Anand Rayons' short-term performance of +4.79% over the past week stands in stark contrast to the Sensex, which has declined by 1.56% during the same period. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the broader market. The company's strong historical performance and recent gains suggest investor confidence, despite concerns regarding its long-term fundamentals and low domestic mutual fund participation. Overall, while the stock is experiencing upward momentum, potential investors should consider the mixed signals regarding its valuation and profit growth.