Why is Arihant Academy falling/rising?

As of 08-Aug, Arihant Academy Ltd's stock price is currently at Rs. 356.00, reflecting an increase of 3.2, or 0.91%. The stock has recently reached a new 52-week and all-time high today. It has outperformed its sector by 0.58% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 6.91%, and over the past month, it has increased by 29.45%. However, there has been a notable decline in investor participation, with delivery volume falling by 30.56% compared to the 5-day average, which may indicate some caution among investors despite the positive price movement.
Broader Market Context: In contrast to Arihant Academy's strong performance, the Sensex has experienced a decline of 0.82% over the past week and a drop of 4.54% over the past month. This stark difference highlights the stock's resilience and strength in a generally unfavorable market environment. Year-to-date, Arihant Academy has gained 41.95%, significantly outperforming the Sensex, which has only increased by 3.04%. This suggests that while the broader market may be struggling, Arihant Academy is capitalizing on its positive momentum and investor interest, despite the recent dip in trading volume.