Why is Arihant Academy falling/rising?

As of 10-Jul, Arihant Academy Ltd's stock price is currently at 283.95, reflecting an increase of 8.95, or 3.25%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 185.34% compared to the 5-day average. Over the past year, the stock has outperformed the market with a remarkable return of 134.19%, while the broader market (BSE500) has only returned 1.46%. The company also maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth with net sales increasing at an annual rate of 30.30%.
In the broader market context, the stock's short-term performance of +3.25% over the past week stands in contrast to the Sensex, which has seen a slight decline of -0.20%. This indicates that Arihant Academy is not only performing well on its own but is also gaining traction relative to the market. Despite underperforming its sector by -0.55% today, the overall positive sentiment surrounding the stock, driven by strong fundamentals and investor interest, suggests that it remains an attractive option for investors.