Why is Rainbow Foundat. falling/rising?

As of 22-Jul, Rainbow Foundations Ltd is experiencing a price increase, currently at Rs 114.24, reflecting a rise of 2.24 or 2.0%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last nine days, accumulating a total return of 19.46% during this period. Additionally, the stock has shown impressive long-term performance, with a year-to-date increase of 247.02% and a staggering 377.19% rise over the past year. The company's strong financial results, including a net profit growth of 151.95% and consistent positive results over the last eight quarters, have contributed to this upward momentum.
In the broader market context, Rainbow Foundations Ltd has significantly outperformed the Sensex, which has seen a decline of 0.47% over the past week, while the stock itself has surged by 10.39%. This trend of outperforming the benchmark is evident in various time frames, including a 79.74% increase over the past month compared to a slight drop in the Sensex. Despite a notable decrease in investor participation, as indicated by a 92.36% drop in delivery volume, the stock remains liquid enough for trading, suggesting that investor confidence is still strong in light of its recent performance and positive financial indicators.