Why is Arihant Academy falling/rising?

As of 18-Sep, Arihant Academy Ltd's stock price is currently at 395.00, reflecting an increase of 0.8, or 0.2%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 61.54% compared to the 5-day average. Despite this, the stock has shown impressive returns, with a 1-month increase of 9.72% and a year-to-date rise of 57.50%. The company boasts high management efficiency, a low debt-to-equity ratio, and strong growth in net sales, which have contributed to its recent performance.
In the broader market context, while the Sensex has increased by 1.67% over the past week, Arihant Academy's return of 0.89% during the same period is somewhat lower, indicating that it is not keeping pace with the benchmark. However, the stock has significantly outperformed the market over the last year, achieving a remarkable return of 119.44% compared to the BSE500's negative return of -1.96%. This strong performance, coupled with healthy financial metrics and positive quarterly results, suggests that the stock is well-positioned for long-term growth, despite the recent drop in trading volume.