Why is Rainbow Foundat. falling/rising?

As of 29-Jul, Rainbow Foundations Ltd is experiencing a price increase, currently at Rs 126.11, reflecting a rise of 2.47 or 2.0%. The stock has reached a new 52-week and all-time high today, having gained 31.87% over the last 14 consecutive days. It opened with a 2% gain and has consistently traded at this price level. Additionally, the stock has outperformed its sector by 0.7% today. Over various periods, the stock has shown remarkable returns, including a 370.74% increase over the past year and a staggering 1047.50% over three years. The company's strong financial performance, with a net profit growth of 151.95% and positive results for the last eight quarters, has contributed significantly to this upward movement.
In the broader market context, while Rainbow Foundations Ltd has shown impressive short-term performance, the benchmark Sensex has declined by 1.03% over the past week and 3.24% over the past month. This stark contrast highlights the stock's resilience and strong investor interest, as evidenced by a 1678.8% increase in delivery volume compared to the five-day average. The stock's liquidity is also favorable, allowing for substantial trading activity. Overall, the combination of strong financial results, consistent performance, and rising investor participation has propelled Rainbow Foundations Ltd's stock price upward, distinguishing it from the broader market trends.