Why is Rainbow Foundat. falling/rising?

As of 25-Jul, Rainbow Foundations Ltd's stock price is rising, currently at 121.22, reflecting an increase of 2.37 (1.99%). 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 12 days, accumulating a total return of 26.76% during this period. Additionally, the stock has significantly outperformed the sector by 2.88%. Over various time frames, Rainbow Foundations has shown remarkable returns, including a 384.88% increase over the past year and a staggering 1176.00% over the last five years. The company has also reported very positive financial results, including a 151.95% growth in net profit and consistent positive results for the last eight quarters, which have contributed to the stock's upward momentum.
In the broader market context, Rainbow Foundations has outperformed the Sensex, which has seen a decline of 0.36% over the past week, while the stock itself has surged by 10.39% in the same timeframe. This strong performance is indicative of the company's robust financial health and market confidence, especially given its substantial growth in net sales and operating profit. However, it is worth noting that there has been a significant drop in investor participation, with delivery volume falling by 94.49% against the five-day average, which could be a concern for future liquidity. Despite this, the overall market-beating performance and strong fundamentals suggest that the stock's rise is supported by solid underlying factors.