Why is Elitecon Inter. falling/rising?

As of 22-Jul, Elitecon International Ltd's stock price is rising, currently at Rs. 137.81, reflecting an increase of Rs. 6.56 or 5.0%. The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last 21 days, resulting in a remarkable 170.48% return during this period. The stock opened with a gain of 5% and has consistently traded at this price level. Additionally, the company has reported outstanding results with a significant growth in net sales of 170.65%, and it has declared positive results for the last five consecutive quarters. High institutional holdings at 38.41% suggest strong confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Elitecon's performance has significantly outpaced the benchmark Sensex, which has seen a slight decline of 0.47% over the past week. The stock's one-week return of 27.55% and one-month return of 179.02% highlight its strong momentum compared to the benchmark's performance. This stark contrast indicates that investor sentiment towards Elitecon is notably positive, driven by its robust financial results and increasing investor participation, as evidenced by a rise in delivery volume.