Why is Arrow Greentech falling/rising?

As of 22-Jul, Arrow Greentech Ltd's stock price is currently at Rs 699.60, reflecting an increase of Rs 11.4 or 1.66%. The stock has shown strong performance recently, gaining 9.24% over the last five days and outperforming its sector by 2.87% today. It reached an intraday high of Rs 715, indicating positive momentum. Additionally, the company has demonstrated consistent growth, with net sales increasing at an annual rate of 61.34% and operating profit at 56.09%. The stock has also delivered positive results for the last four consecutive quarters, contributing to its recent upward movement.
In the broader market context, Arrow Greentech's short-term performance stands in stark contrast to the Sensex, which has seen a decline of 0.47% over the past week. While the stock has outperformed the benchmark significantly in the short term, it has a year-to-date decline of 11.39%, compared to the Sensex's gain of 5.18%. This divergence highlights the stock's recent strength despite its longer-term challenges. The company's low debt-to-equity ratio and high return on capital employed (ROCE) further support its potential for sustained growth, making it an attractive option for investors amidst a fluctuating market.