Why is Avalon Tech falling/rising?

As of 10-Jul, Avalon Technologies Ltd is experiencing a price increase, with its current price at 870.25, reflecting a rise of 17.65 or 2.07%. The stock has shown strong performance recently, gaining 4.29% over the last four days and outperforming its sector by 1.73% today. It has also touched an intraday high of Rs 882.85. In terms of returns, Avalon has outperformed the benchmark Sensex over the past week with a gain of 3.81%, while the Sensex has seen a slight decline of 0.06%. The company has reported positive results for the last three consecutive quarters, with a significant growth in net sales of 22.05% and a remarkable increase in profit before tax, contributing to the stock's upward momentum.
Broader Market Context: The stock's performance contrasts with the broader market, as the Sensex has only increased by 0.97% over the past month and 6.46% year-to-date. Despite a year-to-date decline of 10.19% for Avalon, its impressive one-year return of 61.98% significantly surpasses the market's 4.09% increase. The high institutional holdings at 24.45% suggest strong confidence from informed investors, further supporting the stock's rise. However, potential risks remain, including a long-term growth concern due to a negative annual operating profit growth rate over the past five years, which investors should consider amidst the current positive momentum.