Why is Avance Tech. falling/rising?

As of 14-Jul, Avance Technologies Ltd's stock price is currently at Rs. 1.05, reflecting an increase of Rs. 0.02 or 1.94%. The stock has been on an upward trend, gaining for the last four days and achieving a return of 7.14% over the past week. It recently hit a new 52-week high of Rs. 1.06 and has outperformed its sector by 2.66%. Additionally, the stock has shown impressive long-term growth, with net sales increasing at an annual rate of 137.20% and operating profit at 126.72%. The majority of shareholders are non-institutional, which may contribute to the stock's stability and growth potential.
In the broader market context, Avance Technologies has significantly outperformed the benchmark Sensex, which has declined by 1.42% over the past week while the stock itself has risen by 7.14%. This performance is indicative of strong investor interest, as evidenced by a 33.14% increase in delivery volume compared to the five-day average. Year-to-date, the stock has generated a return of 22.09%, compared to the Sensex's 5.27%, further highlighting its market-beating performance. Overall, the combination of strong financial growth, positive investor sentiment, and favorable trading conditions has contributed to the stock's rising price.