Why is Anupam Rasayan falling/rising?

As of 14-Aug, Anupam Rasayan India Ltd's stock price is rising, currently at 1,166.35, reflecting an increase of 8.25 (0.71%). The stock has recently hit a new 52-week high of Rs. 1196.4 and has outperformed its sector by 2.11%. It has shown consistent gains over the last four days, with a total increase of 4.35% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The company reported positive quarterly results, with a 45.9% growth in PAT and a 35.1% increase in net sales compared to previous averages, contributing to investor confidence and the stock's upward trajectory.
In the broader market context, Anupam Rasayan's short-term performance has been notably strong, with a 4.22% increase over the past week, while the benchmark Sensex has remained nearly flat at -0.03%. This indicates that the stock is not only performing well in isolation but is also gaining traction relative to the broader market. Furthermore, the stock has generated impressive returns over the past year, outperforming the BSE500 index, which has likely attracted more investor interest and participation, as evidenced by a significant rise in delivery volume. Overall, the combination of strong financial results, positive market sentiment, and relative outperformance against the benchmark has contributed to the stock's rising price.