Why is Avance Tech. falling/rising?

As of 02-Sep, Avance Technologies Ltd's stock price is currently at Rs. 1.98, reflecting an increase of Rs. 0.03 or 1.54%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 21 consecutive days, resulting in a remarkable 41.43% increase during this period. Additionally, the stock has significantly outperformed the sector by 1.7%. Over the past week, it has shown a return of 6.45%, while its one-month return stands at an impressive 39.44%. The company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 342.50% and operating profit at 94.94%. However, there has been a decline in investor participation, with delivery volume falling by 29.64% against the five-day average.
In the broader market context, while the BSE500 index has experienced negative returns of -4.82% over the past year, Avance Technologies has managed to achieve a remarkable 115.22% return in the same timeframe, indicating its strong market-beating performance. This contrast highlights the stock's resilience and attractiveness to investors despite broader market challenges. The stock's liquidity remains adequate for trading, supporting its upward movement, although the recent drop in delivery volume may raise some concerns about sustained investor interest. Overall, the combination of strong performance metrics and a favorable growth outlook contributes to the stock's rising price.