Why is Arihant Capital falling/rising?

As of 25-Sep, Arihant Capital Markets Ltd is experiencing a price increase, with its current price at Rs 109.60, reflecting a rise of Rs 5.3 or 5.08%. The stock has outperformed its sector today by 6.44%, reaching an intraday high of Rs 112, which is a 7.38% increase. Additionally, the stock's performance over the year-to-date shows a gain of 11.50%, significantly outperforming the Sensex, which has only increased by 3.87%. The stock is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend, although it is below the 20-day moving average. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 70.67% compared to the 5-day average, suggesting growing interest among investors.
In the broader market context, the stock's short-term performance over the past week shows a slight decline of 0.32%, while the Sensex has dropped by 2.23%, indicating that Arihant Capital is relatively resilient compared to the benchmark. Over the past month, both the stock and the Sensex have shown minor declines, with Arihant down 0.38% against the Sensex's 0.58%. However, the stock's long-term performance is impressive, with a 47.31% increase over three years compared to the Sensex's 39.69%. This strong historical performance, coupled with rising liquidity and investor interest, supports the stock's recent upward movement despite the lack of specific positive or negative factors detailed in the provided data.