Why is Arihant Academy falling/rising?

As of 12-Sep, Arihant Academy Ltd's stock price is currently at 387.50, reflecting a decrease of 4.0, or 1.02%. The stock has underperformed its sector today by 1.06%. Despite this decline, the stock has shown strong performance over the past month with a 5.20% increase, and an impressive year-to-date return of 54.51%. The company has demonstrated high management efficiency with a return on equity of 19.01% and a low debt-to-equity ratio, which supports its healthy long-term growth, evidenced by a 30.30% annual growth rate in net sales. Recent quarterly results have also been positive, with significant growth in profit after tax and net sales, contributing to the stock's overall strong performance despite the current dip.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 2.75% over the past week while the Sensex has increased by 1.51%. This underperformance may be contributing to the stock's current price drop. However, it is noteworthy that the stock has outperformed the broader market over the past year, achieving a remarkable return of 105.24% compared to the Sensex's decline of 1.08%. The rising investor participation, indicated by a significant increase in delivery volume, suggests that there is still interest in the stock, which may help stabilize its price in the future.