Why is Rainbow Foundat. falling/rising?

As of 16-Jul, Rainbow Foundations Ltd is experiencing a price increase, with its current price at 105.55, reflecting a rise of 2.06 (1.99%). The stock has reached a new 52-week and all-time high today and has shown strong performance, gaining 10.37% over the past week. It has consistently outperformed its sector by 1.54% today and has been on a positive trend for the last five days. Additionally, the stock has demonstrated impressive returns over various periods, including a 278.59% increase over the past year and a staggering 980.35% over the last three years. The company's strong financial performance, highlighted by a 151.95% growth in net profit and positive results for the last eight consecutive quarters, has contributed to this upward movement.
In the broader market context, while the Sensex has declined by 1.08% over the past week, Rainbow Foundations Ltd has significantly outperformed this benchmark, showcasing its resilience and strong market position. The stock's liquidity remains adequate for trading, despite a notable drop in delivery volume, which may indicate a decrease in investor participation. However, the overall positive sentiment surrounding the company's financial results and consistent returns over the years have likely bolstered investor confidence, leading to the stock's rising price.