Why is Rainbow Foundat. falling/rising?

As of 23-Jul, Rainbow Foundations Ltd's stock price is rising, currently at Rs 116.52, reflecting an increase of Rs 2.28 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 10 days, accumulating a total return of 21.84% during this period. Additionally, the stock has significantly outperformed the sector by 3.32% today. Over the past week, it has shown a remarkable return of 10.39%, and year-to-date, it has soared by 253.95%. The company has also reported very positive financial results, including a 151.95% growth in net profit and consistent positive results over the last eight quarters, which have likely contributed to the stock's upward momentum.
In the broader market context, while the Sensex has only increased by 0.11% over the past week, Rainbow Foundations Ltd's performance stands in stark contrast, showcasing its strength in the market. The stock's impressive returns over various periods, including 412.18% over the last year and 952.57% over the last three years, indicate a strong market position relative to the benchmark. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 87.06% against the five-day average, which could be a concern for future trading activity. Despite this, the stock's liquidity remains sufficient for trading, suggesting that current price movements are primarily driven by positive company performance rather than broader market trends.