Why is Anupam Rasayan falling/rising?

As of 16-Jul, Anupam Rasayan India Ltd's stock price is currently at Rs. 1,158.60, reflecting a decrease of Rs. 6.95 or 0.6%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. It reached a new 52-week high of Rs. 1,174.2 earlier today but also touched an intraday low of Rs. 1,135.25, indicating some volatility. Despite this decline, the stock has shown strong performance over various periods, with a 48.60% return over the past year, significantly outperforming the broader market's return of 2.38%. The company has also reported positive financial results, with record net sales and operating profit, which may have contributed to the stock's previous upward momentum.
In the broader market context, Anupam Rasayan's short-term performance has been favorable compared to the benchmark, as it gained 1.86% over the past week while the Sensex declined by 1.08%. This indicates that the stock is performing well relative to the market despite its current price drop. Furthermore, the rising investor participation, as evidenced by a significant increase in delivery volume, suggests continued interest in the stock, which could support its price in the future. Overall, while the stock is experiencing a slight decline today, its strong historical performance and positive financial indicators may provide a foundation for recovery.