Why is Rainbow Foundat. falling/rising?

As of 24-Jul, Rainbow Foundations Ltd is experiencing a price increase, with its current price at Rs 118.85, reflecting a rise of 2.33 (2.0%). The stock has reached a new 52-week and all-time high today, and it has been on an upward trend for the last 11 days, accumulating a total return of 24.28% during this period. The stock has also outperformed its sector by 3.18% today. Notably, the company has reported significant growth in net profit and sales, with a net profit increase of 151.95% and a consistent positive performance over the last eight quarters, which has likely contributed to the stock's upward momentum.
In the broader market context, Rainbow Foundations Ltd has significantly outperformed the Sensex, with a 1-week return of +10.39% compared to the benchmark's -0.09%. Over the past year, the stock has generated a remarkable return of 397.70%, while the Sensex has only increased by 2.54%. This strong performance relative to the market indicates robust investor confidence in the company, despite a recent decline in delivery volume, which fell by 93.25% against the 5-day average. The liquidity remains sufficient for trading, suggesting that while investor participation may be waning, the stock's fundamentals and historical performance continue to drive its price higher.