Why is ICRA falling/rising?

As of 15-Jul, ICRA Ltd's stock price is rising, currently at 6,993.10, reflecting an increase of 75.1 or 1.09%. The stock has shown strong performance recently, gaining 3.59% over the last three days and outperforming its sector by 1.12% today. It has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has demonstrated impressive returns over various periods, including a 16.13% increase over the past year and an 83.70% rise over the last three years. The company's strong financials, highlighted by record cash and net sales, alongside a low debt-to-equity ratio and high institutional holdings, contribute positively to investor sentiment. However, concerns about long-term growth due to modest sales growth and high valuation metrics may temper enthusiasm.
In the broader market context, ICRA's recent performance stands out as it has outperformed the Sensex, which has declined by 1.36% over the past week while ICRA has gained 2.95%. This contrast underscores the stock's resilience and attractiveness to investors, particularly in light of its strong institutional backing and solid financial results. The liquidity of the stock, indicated by a significant increase in delivery volume, further supports its upward movement, suggesting that investor participation is robust despite some underlying risks related to valuation and growth rates.