Why is Authum Invest. falling/rising?

As of 06-Aug, Authum Investment & Infrastructure Ltd is experiencing a price increase, currently at Rs. 2,897.65, which reflects a rise of 19.35 or 0.67%. The stock has recently hit a new 52-week and all-time high of Rs. 2,905, and it has outperformed its sector by 0.93%. Over the past three days, the stock has gained 5.13%, and its performance over the past week and month shows increases of 2.10% and 13.19%, respectively. Despite a slight decline in delivery volume, the stock is trading above all key moving averages, indicating strong momentum. The company's fundamentals remain robust, with a high return on equity and significant growth in net sales and operating profit, contributing to its positive price movement.
In the broader market context, while the Sensex has declined by 1.15% over the past week and 3.46% over the past month, Authum Investment has shown resilience and strong performance, significantly outperforming the benchmark. The stock's year-to-date return of 68.22% and a staggering 181.72% return over the past year further highlight its strength compared to the market. Additionally, increasing participation from institutional investors, who have raised their stake in the company, suggests confidence in its long-term growth potential, further supporting the stock's upward trajectory amidst a challenging market environment.