Why is Anupam Rasayan falling/rising?

As of 15-Jul, Anupam Rasayan India Ltd's stock price is rising, currently at Rs 1,165.55, reflecting an increase of Rs 16.55 or 1.44%. The stock has recently hit a new 52-week high of Rs 1,172.1 and has been gaining for the last three days, with a total return of 2.69% during this period. Despite underperforming its sector by 0.92% today, the stock has shown strong performance over the past year, generating a return of 54.89%, significantly outpacing the broader market's return of 0.37%. The company has also reported positive financial results, with record net sales and operating profit, which likely contribute to the stock's upward momentum.
In the broader market context, Anupam Rasayan's short-term performance stands in contrast to the Sensex, which has declined by 1.36% over the past week. The stock is trading above its moving averages, indicating a bullish trend, although there has been a decline in investor participation, with delivery volume falling by 14.39% against the five-day average. The overall performance of the Pesticides & Agrochemicals sector, which has gained by 2.27%, may also provide a supportive backdrop for Anupam Rasayan's stock price increase.