Why is Rainbow Foundat. falling/rising?

As of 18-Jul, Rainbow Foundations Ltd's stock price is currently at Rs. 109.81, reflecting an increase of Rs. 2.15 or 2.0%. The stock has reached a new 52-week and all-time high today, having outperformed its sector by 2.56%. It has shown a remarkable performance over the past week with a gain of 14.83%, and it is trading above all key moving averages, indicating strong upward momentum. Additionally, the company has reported a significant growth in net profit of 151.95% and has consistently delivered positive results for the last eight quarters, which has contributed to the stock's robust performance, generating a staggering 314.53% return over the past year.
In the broader market context, while Rainbow Foundations Ltd has demonstrated impressive short-term returns, the benchmark Sensex has experienced a decline of 0.90% over the past week. This stark contrast highlights the stock's strong performance relative to the broader market. Despite a recent drop in investor participation, as indicated by an 88.39% decrease in delivery volume, the liquidity remains sufficient for trading. Overall, the combination of strong financial results and consistent returns over the years has bolstered investor confidence, driving the stock price higher amidst a challenging market environment.