Why is Raghav Product. falling/rising?

As of 10-Nov, Raghav Productivity Enhancers Ltd is experiencing a significant rise in its stock price, currently at 1,002.90, reflecting an increase of 85.85 or 9.36%. The stock has hit a new 52-week high of Rs 1,016.75 today and has shown strong performance over the last six days, gaining 40.32% during this period. Additionally, the stock has consistently outperformed the sector by 8.38% today. Over the past week, Raghav Productivity has delivered a return of 14.68%, while its performance over the last month and year stands at 39.57% and 27.42%, respectively, indicating robust growth. The company has reported very positive financial results, including a 58.17% growth in net profit and has maintained a low debt-to-equity ratio, which contributes to investor confidence.
In the broader market context, while the Sensex has seen a slight decline of 0.53% over the past week, Raghav Productivity's performance has been notably strong, highlighting its resilience against market trends. The stock's impressive returns over the last three years, coupled with consistent positive results over six consecutive quarters, further bolster its appeal. However, it is important to note that despite these positive factors, the stock is trading at a premium compared to its peers, and domestic mutual funds hold no stake in the company, which may indicate some caution among institutional investors. Overall, the combination of strong financial performance and positive market sentiment is driving the stock's upward movement.