Why is Arihant Capital falling/rising?

As of 27-Oct, Arihant Capital Markets Ltd is experiencing a price increase, currently at Rs 107.55, which reflects a rise of Rs 7.45 or 7.44%. The stock has shown strong performance today, outperforming its sector by 7.16% and opening with a gain of 3.1%. It reached an intraday high of Rs 110, marking a 9.89% increase. Additionally, the stock's performance over the past week has been positive, with a return of 7.01%, although it has seen a decline of 2.63% over the past month. The stock has also demonstrated significant long-term growth, with a remarkable increase of 693.73% over the past five years. There is a notable rise in investor participation, with delivery volume increasing by 927.48% compared to the five-day average, indicating heightened interest in the stock.
In the broader market context, while Arihant Capital has outperformed the Sensex by a substantial margin in the short term, with a 1-week return of 7.01% compared to the Sensex's 0.49%, it has lagged behind the benchmark over the past month, where the Sensex gained 5.41%. This suggests that while the stock is currently gaining traction, it has faced challenges in the recent past. The liquidity of the stock is also favorable, as it is liquid enough for a trade size of Rs 2.92 crore, which may contribute to its rising price. Overall, the combination of strong short-term performance, increased investor interest, and favorable liquidity conditions are driving the stock's upward movement.