Why is Anand Rayons falling/rising?

As of 04-Sep, Anand Rayons Ltd is experiencing a price increase, currently at Rs. 350.00, which reflects a rise of Rs. 13.0 or 3.86%. The stock has reached a new 52-week and all-time high of Rs. 350.9 today and has shown strong performance with a consecutive gain over the last seven days, resulting in a total return of 15.72% during this period. Additionally, the stock has outperformed the sector by 3.46%. Over the past year, Anand Rayons has generated an impressive return of 557.77%, 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 its valuation appears expensive compared to peers.
In the broader market context, Anand Rayons has outperformed the Sensex, which has only increased by 0.80% over the past week, while the stock itself has risen by 14.79%. This stark contrast highlights the stock's strong momentum in the short term. Despite its recent gains, the stock's high valuation and the lack of domestic mutual fund investment may indicate underlying concerns about its long-term sustainability. The falling investor participation, with a significant drop in delivery volume, could also suggest caution among investors despite the stock's recent performance.