Why is Laxmi Goldorna falling/rising?

As of 07-Jul, Laxmi Goldorna House Ltd is experiencing a significant rise in its stock price, currently at Rs. 821.60, which reflects an increase of Rs. 66.65 or 8.83%. The stock has recently hit a new 52-week and all-time high of Rs. 830.4. It has outperformed its sector by 8.93% today and is trading above all major moving averages, indicating strong momentum. Over the past week, the stock has gained 15.44%, and it has shown impressive returns of 138.18% over the last year and 4594.86% over the last three years, consistently outperforming the BSE500 index. The operating profit growth rate of 63.42% annually supports a healthy long-term outlook, contributing to the stock's upward movement.
In the broader market context, while the Sensex has seen a slight decline of 0.22% over the past week, Laxmi Goldorna's strong performance stands in stark contrast, showcasing its resilience and investor confidence. The rising investor participation, evidenced by a 135.56% increase in delivery volume, further underscores the stock's liquidity and attractiveness to traders. This combination of robust performance metrics and positive investor sentiment has propelled Laxmi Goldorna's stock price higher, even as the broader market faces challenges.