Why is Avance Tech. falling/rising?

As of 11-Jul, Avance Technologies Ltd's stock price is currently at Rs. 1.03, reflecting an increase of Rs. 0.02 or 1.98%. The stock has recently hit a new 52-week high of Rs. 1.06 and has outperformed its sector by 3.03%. It has been on a positive trend, gaining for the last three days with a total return of 5.1% during this period. Additionally, the stock has shown strong performance over various time frames, with a 30.38% increase over the past month and a remarkable 3714.81% rise over the last five years. However, there has been a decline in investor participation, with delivery volume falling by 27.89% against the five-day average, which may indicate some caution among investors despite the stock's upward movement.
In the broader market context, Avance Technologies has significantly outperformed the benchmark Sensex, which has declined by 1.12% over the past week while Avance's stock has risen by 6.19%. This trend of outperformance is consistent, as the stock has generated a return of 13.19% over the past year, compared to the market's modest return of 0.52%. The company's healthy long-term growth, with net sales increasing at an annual rate of 137.20% and operating profit at 126.72%, supports its rising stock price. Despite the recent drop in delivery volume, the stock remains liquid enough for trading, indicating that investor interest may still be present, contributing to its overall positive performance.