Why is Rainbow Foundat. falling/rising?

As of 30-Jul, Rainbow Foundations Ltd's stock price is rising, currently at Rs. 128.63, reflecting an increase of Rs. 2.52 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 15 days, accumulating a remarkable 34.51% return during this period. Additionally, the stock has outperformed its sector by 2.79% today and is trading above all key moving averages, indicating strong bullish momentum. The company's financial performance has also been impressive, with a net profit growth of 151.95% and positive results reported for the last eight consecutive quarters, contributing to investor confidence and driving the stock's upward movement.
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 -1.50%, and a year-to-date return of +290.74% against the Sensex's +4.28%. This stark contrast highlights the stock's strong market position and investor interest, despite a noted decline in delivery volume, which has fallen by 75.22% against the 5-day average. Overall, the stock's robust performance in both short-term and long-term metrics, coupled with its solid financial results, positions it favorably in the market, contributing to its rising price.