Why is Arunis Abode falling/rising?

As of 18-Jul, Arunis Abode Ltd's stock price is rising, currently at 437.45, reflecting an increase of 8.55 or 1.99%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 21 days, accumulating a remarkable 51.34% return during this period. Additionally, the stock has significantly outperformed its sector by 2.28%. Over various time frames, Arunis Abode has shown impressive returns, including a 342.45% increase year-to-date and an astounding 915.44% rise over the past year. The stock is also trading above its moving averages across multiple time frames, indicating strong upward momentum. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 324.08% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, while the Sensex has experienced a slight decline of 0.90% over the past week, Arunis Abode has posted a robust return of 10.37% in the same period, highlighting its strong performance relative to the benchmark. This divergence underscores the stock's resilience and attractiveness to investors, especially in a market that is not performing as well. The substantial gains over the longer term, including a 1598.83% increase over three years, further emphasize the stock's strong position in the market compared to the benchmark's 49.96% rise. Overall, the combination of strong stock-specific factors and favorable performance relative to the broader market contributes to the rising price of Arunis Abode Ltd.