Why is Avance Tech. falling/rising?

As of 18-Jul, Avance Technologies Ltd's stock price is currently at Rs. 1.22, reflecting an increase of Rs. 0.02 or 1.67%. The stock has recently hit a new 52-week high today and has been on an upward trend, gaining for the last eight consecutive days with a total return of 24.49% during this period. Additionally, the stock has significantly outperformed the sector by 2.2%. Over the past week, it has shown a remarkable return of 18.45%, and over the past month, it has surged by 60.53%. The company's strong performance is supported by impressive long-term growth metrics, 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 volatility and recent upward movement.
In the broader market context, while the BSE500 index has experienced a decline of 0.36% over the past year, Avance Technologies has managed to achieve a return of 35.56% in the same timeframe, indicating its strong market-beating performance. This contrast highlights the stock's resilience and attractiveness to investors, especially given the rising investor participation, as evidenced by an increase in delivery volume. The stock's liquidity is also favorable, allowing for adequate trading activity. Overall, the combination of strong financial performance, positive market sentiment, and favorable trading conditions has contributed to the stock's rising price.