Why is Kimia Bioscien. falling/rising?

As of 27-Jun, Kimia Biosciences Ltd's stock price is rising, currently at Rs. 61.20, reflecting an increase of 11.65 or 23.51%. The stock has reached a new 52-week high today and has outperformed its sector by 22.63%. It opened with a gain of 4.74% and touched an intraday high of Rs. 61.20. The stock has shown strong performance over various periods, with a 30.21% increase over the past week and a 34.03% increase over the past month. Additionally, the company has reported a significant growth in net profit of 183.85% and has declared positive results for the last four consecutive quarters, contributing to the stock's upward momentum.
In the broader market context, Kimia Biosciences Ltd has significantly outperformed the Sensex, which has only increased by 2.00% over the past week and 3.07% over the past month. The stock's year-to-date performance shows a 34.06% increase compared to the Sensex's 7.58%, indicating strong relative strength. The rising investor participation, with a delivery volume increase of 118.58% against the five-day average, further supports the stock's bullish trend. Overall, the combination of positive financial results, strong performance relative to benchmarks, and increased trading activity has contributed to the stock's rise.