Why is ARCL Organics falling/rising?

As of 23-Jun, ARCL Organics Ltd's stock price is rising, currently at Rs 289.55, reflecting an increase of Rs 13.75 or 4.99%. The stock has demonstrated strong performance today, outperforming its sector by 4.1% and achieving a consecutive gain over the last six days, with a total return of 15.84% during this period. It opened with a gain of 4.97% and reached an intraday high of Rs 289.55. Additionally, ARCL Organics is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has shown impressive financial metrics, including a high return on capital employed (ROCE) of 19.42% and a low debt to EBITDA ratio of 0.70 times, which contribute positively to investor sentiment. Furthermore, the company reported significant growth in its quarterly results, with a 90.2% increase in profit after tax compared to the previous four-quarter average.
In the broader market context, ARCL Organics has outperformed the benchmark Sensex, which has only seen a 0.12% increase over the past week, while ARCL's stock has risen by 13.59% in the same timeframe. This strong performance is further highlighted by its remarkable 344.03% return over the past year, significantly surpassing the market's return of 2.78%. Despite concerns regarding long-term growth due to a modest annual operating profit growth rate of 10.04% over the last five years, the current momentum and positive financial indicators suggest that investor confidence remains high, contributing to the stock's upward trajectory.