Why is Anant Raj falling/rising?

As of 19-Sep, Anant Raj Ltd's stock price is currently at 640.15, reflecting a rise of 54.55 or 9.32%. The stock has shown a strong performance today, outperforming its sector by 9.02% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 647, indicating significant upward momentum. Over the past week, the stock has increased by 20.02%, while its performance over the last month shows a rise of 17.98%. Despite a year-to-date decline of 25.10%, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 44.24% and operating profit at 51.44%. The company has consistently reported positive results for the last 17 quarters, which has likely contributed to the recent upward movement in its stock price.
In the broader market context, Anant Raj's short-term performance significantly outpaces the Sensex, which has only increased by 0.88% over the past week. This stark contrast highlights the stock's strong recovery and investor interest despite a notable drop in delivery volume, which fell by 66.49% against the five-day average. The liquidity of the stock remains adequate for trading, suggesting that while investor participation has decreased, there is still sufficient market activity. Overall, the combination of positive financial results, a trend reversal, and substantial short-term gains relative to the benchmark indicates a favorable outlook for Anant Raj Ltd's stock price.