Why is Avalon Tech falling/rising?

As of 06-Oct, Avalon Technologies Ltd is experiencing a significant rise in its stock price, currently at Rs 1,131.40, reflecting an increase of Rs 76.25 or 7.23%. The stock has recently hit a new 52-week and all-time high of Rs 1,139 and has outperformed its sector by 4.82%. Over the past week, Avalon Tech has gained 11.95%, and in the last month, it has risen by 22.53%. The company has shown strong performance with positive results over the last four consecutive quarters, including a remarkable 710.32% growth in profit after tax and a 60.01% increase in net sales. Additionally, the stock's low debt-to-equity ratio and high return on capital employed further bolster investor confidence.
In the broader market context, while the BSE500 index has generated negative returns of -1.93% over the past year, Avalon Technologies has managed to deliver an impressive 99.98% return, highlighting its market-beating performance. The stock's recent gains are also supported by increased investor participation, with delivery volume rising significantly. Compared to the benchmark Sensex, which has only increased by 1.77% over the past week, Avalon Tech's performance stands out, indicating strong investor sentiment and confidence in the company's growth trajectory.