Why is Arihant Academy falling/rising?

As of 04-Aug, Arihant Academy Ltd is experiencing a price increase, currently at Rs 340.15, reflecting a rise of Rs 7.15 or 2.15%. The stock has shown strong performance, with a 1-week return of 21.48% and a 1-month return of 23.69%, significantly outperforming the broader market, which has seen a decline of 2.90% over the same period. Today, the stock opened with a gain of 3% and reached an intraday high of Rs 344, indicating positive momentum. Despite a notable drop in investor participation, with delivery volume decreasing by 83.53% against the 5-day average, the stock remains liquid enough for trading. Furthermore, the company has a low debt-to-equity ratio and has demonstrated healthy long-term growth with net sales increasing at an annual rate of 30.30%, contributing to its recent upward movement.
In the broader market context, while the Sensex has only gained 0.17% over the past week, Arihant Academy's substantial 21.48% increase highlights its strong market-beating performance. The stock has outperformed the sector by 1.61% today and has generated an impressive 116.73% return over the past year, contrasting sharply with the negative returns of -2.34% from the BSE500 index. This divergence suggests that investor confidence in Arihant Academy remains robust, despite the overall market's challenges, further supporting the stock's rising price.