Why is Arihant Academy falling/rising?

As of 11-Jul, Arihant Academy Ltd is experiencing a slight increase in its stock price, currently at 284.00, with a change of 0.05 (0.02%) upward. The stock has shown strong performance over the past year, generating a return of 136.67%, significantly outperforming the broader market, which has returned only 3.43% during the same period. However, despite this positive trend, there has been a notable decline in investor participation, with delivery volume dropping by 96.62% compared to the 5-day average. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. 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, Arihant Academy's short-term return over the past week is +3.27%, while the benchmark Sensex has decreased by 1.22%. This indicates that the stock is not only performing well against its historical performance but is also resilient compared to the broader market trends. The stock's liquidity remains adequate for trading, which supports its current price movement. Overall, the combination of strong historical returns, positive growth indicators, and relative outperformance against the benchmark contributes to the stock's rising price, despite the recent drop in investor participation.