Why is Arihant Academy falling/rising?

As of 18-Jul, Arihant Academy Ltd's stock price is rising, currently at 284.95, reflecting an increase of 7.95 or 2.87%. The stock has shown strong performance today, outperforming its sector by 1.7%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has gained 0.33%, and over the past month, it has increased by 3.62%. Notably, the stock has delivered an impressive 120.89% return over the past year, significantly outperforming the benchmark Sensex, which only returned 0.68%. However, there has been a notable decline in investor participation, with delivery volume dropping by 94.85% compared to the 5-day average.
In the broader market context, while the BSE500 index has experienced a slight decline of 0.36% over the past year, Arihant Academy's strong performance stands out, showcasing its resilience and market-beating capabilities. The company's low debt-to-equity ratio and healthy long-term growth, with net sales increasing at an annual rate of 30.30%, further support its positive stock movement. Despite the drop in delivery volume, the stock remains liquid enough for trading, which may contribute to its upward price momentum. Overall, the combination of strong historical returns and solid fundamentals appears to be driving the recent rise in Arihant Academy's stock price.