Why is Anand Rayons falling/rising?

As of 03-Sep, Anand Rayons Ltd's stock price is rising, currently at Rs. 337.00, reflecting an increase of Rs. 15.5 or 4.82%. The stock has recently hit a new 52-week and all-time high of Rs. 337.5, demonstrating strong performance today with an intraday high of Rs. 337.5, which is a 4.98% increase. Over the past week, the stock has gained 11.22%, and over the last month, it has risen by 14.55%. Notably, Anand Rayons has been on a consecutive gain streak for the last six days, accumulating a total return of 11.42% during this period. However, there has been a decline in investor participation, with delivery volume falling by 40.02% against the five-day average, which may indicate a potential concern for future momentum.
Broader market context shows that while Anand Rayons has significantly outperformed the benchmark Sensex, which has seen a slight decline of 0.27% over the past week, the stock's year-to-date performance is remarkable at 123.92% compared to the Sensex's modest 3.11% gain. The stock's ability to trade above all key moving averages further supports its upward trajectory, suggesting strong investor confidence despite the recent drop in delivery volume. Overall, the stock's robust performance against the benchmark and its recent price movements indicate a positive sentiment among investors, contributing to its rising price.