Why is Avance Tech. falling/rising?

As of 28-Aug, Avance Technologies Ltd's stock is currently priced at Rs. 1.89, reflecting an increase of Rs. 0.03 or 1.61%. The stock has recently hit a new 52-week high and has shown strong performance, gaining 41.04% over the past month and 105.43% over the past year, significantly outperforming the broader market, which has seen negative returns. Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 27.01% against the five-day average. The stock is also trading above its moving averages, indicating a bullish trend. The company's impressive long-term growth, with net sales increasing at an annual rate of 342.50% and operating profit at 94.94%, supports its recent price movements.
In the broader market context, Avance Technologies Ltd has outperformed the benchmark Sensex, which has declined by 2.34% over the past week and 1.00% over the past month. The stock's year-to-date return of 119.77% further highlights its strong performance compared to the Sensex's modest gain of 2.48%. This stark contrast in performance suggests that while the overall market is struggling, Avance Technologies Ltd is benefiting from its robust fundamentals and market-beating returns, contributing to its rising stock price.