Why is Arihant Academy falling/rising?

As of 11-Aug, Arihant Academy Ltd's stock price is currently at Rs 353.55, reflecting a decrease of Rs 2.45 or 0.69%. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 3.94% and 24.49%, respectively. It is also trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating a generally positive trend. However, the stock underperformed its sector today by 2.41%, and there has been a notable drop in investor participation, with delivery volume falling by 28.57% compared to the 5-day average. The company 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%, contributing positively to its overall performance.
In the broader market context, while the stock has outperformed the benchmark Sensex, which has seen a decline of 0.56% over the past week, it has also managed to generate a remarkable 117.50% return over the past year, significantly surpassing the benchmark's 0.89% return. This indicates that despite the current price drop, the stock has been resilient and has delivered substantial returns compared to the overall market. The liquidity of the stock remains adequate for trading, which may help stabilize its price in the face of recent fluctuations.