Why is Avonmore Capital falling/rising?

As of 16-Jul, Avonmore Capital & Management Services Ltd's stock price is currently at 19.83, reflecting an increase of 0.29 or 1.48%. The stock has shown strong performance recently, outperforming its sector by 1.71% today, and has consistently outperformed the benchmark Sensex over various periods, including a 46.65% return over the past year compared to the Sensex's 2.38%. Additionally, the stock's moving averages indicate a positive trend, being higher than the 5-day, 20-day, 100-day, and 200-day averages, although it is slightly lower than the 50-day average. The significant rise in delivery volume, which increased by 598.04% against the 5-day average, suggests rising investor interest and confidence in the stock. Furthermore, the promoters have increased their stake by 0.57%, indicating strong confidence in the company's future prospects.
In the broader market context, Avonmore Capital's short-term return of 7.25% over the past week stands in stark contrast to the Sensex's decline of 1.08% during the same period, highlighting the stock's resilience and attractiveness to investors. The company's strong long-term fundamentals, including an average return on equity of 15.41% and impressive operating profit growth, further support its upward price movement. Overall, the combination of strong financial performance, rising investor participation, and increased promoter confidence contributes to the stock's rising trajectory amidst a challenging market environment.