Why is Rainbow Foundat. falling/rising?

As of 15-Jul, Rainbow Foundations Ltd is experiencing a price increase, currently at Rs. 103.49, reflecting a rise of 2.02 or 1.99%. The stock has recently hit a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last four days, accumulating an 8.22% return during this period. Additionally, the stock has shown impressive performance over various time frames, with a 289.65% return over the past year and a staggering 959.26% over the last three years. The company has consistently reported positive results, including a net profit growth of 151.95% and the highest operating profit to interest ratio at 1.58 times, contributing to investor confidence and the stock's upward movement.
In the broader market context, while Rainbow Foundations Ltd has outperformed the Sensex, which has declined by 1.36% over the past week, the stock's 6.06% gain in the same period highlights its strong relative performance. Despite the positive momentum, there is a noted decline in investor participation, with delivery volume falling by 95.44% against the five-day average, which could indicate a potential concern for future liquidity. However, the stock remains liquid enough for trading, suggesting that the recent price rise is primarily driven by strong company fundamentals rather than broad market trends.