Why is Choice Intl. falling/rising?

As of 21-Jul, Choice International Ltd is experiencing a price increase, currently at Rs. 762.40, reflecting a rise of 9.4 points or 1.25%. The stock has recently hit a new 52-week and all-time high of Rs. 765, indicating strong upward momentum. Over the past week, the stock has outperformed the Sensex, gaining 10.46% compared to a slight decline of 0.06% in the benchmark. Additionally, the stock has shown impressive long-term performance, with a year-to-date increase of 36.81% and a remarkable 100.34% return over the past year. Despite a recent decline in delivery volume by 30.3%, the stock remains liquid enough for trading, supported by strong fundamentals, including a 51.93% CAGR growth in operating profits and a healthy annual growth rate of 48.29% in net sales. Furthermore, institutional investors have increased their stake, indicating confidence in the company's prospects.
In the broader market context, while Choice International Ltd has shown significant short-term gains, the Sensex has experienced a minor decline, highlighting the stock's relative strength against the market. The stock's performance is bolstered by consistent returns over the past three years, outperforming the BSE500 in each of those periods. The increasing participation of institutional investors, who collectively hold 14.32% of the company, suggests a positive outlook and reinforces the stock's upward trajectory amidst a generally flat market environment.