Why is Asahi Songwon falling/rising?

As of 24-Jul, Asahi Songwon Colors Ltd is experiencing a price increase, currently at 443.50, reflecting a rise of 17.15 or 4.02%. The stock opened with a gain of 4.02% today and has maintained this price level throughout the trading session. It has outperformed its sector by 3.06% today and is trading above all its moving averages, indicating strong momentum. Over the past week, the stock has risen by 2.19%, and year-to-date, it has shown a remarkable increase of 19.11%. The company has reported outstanding financial results, including a 198.7% growth in net profit and consistent positive results over the last five quarters, contributing to its attractive valuation and positive market sentiment.
In the broader market context, while the Sensex has shown a slight decline of 0.09% over the past week, Asahi Songwon's performance stands out positively. The stock's strong returns over various periods, including a 5.27% increase over the last month and a 47.44% rise over the last three years, further emphasize its resilience compared to the benchmark. Despite a notable drop in investor participation, with delivery volume decreasing by 75.65% against the five-day average, the company's solid financial performance and attractive valuation metrics continue to drive investor interest and support the stock's upward movement.