Why is Rainbow Foundat. falling/rising?

As of 31-Jul, Rainbow Foundations Ltd's stock price is currently at Rs. 131.20, reflecting an increase of Rs. 2.57 or 2.0%. The stock has recently reached a new 52-week and all-time high, demonstrating strong performance with a 37.2% return over the last 16 consecutive days. Additionally, the stock has outperformed its sector by 2.52% today. In terms of long-term performance, Rainbow Foundations has shown remarkable returns, with a 407.35% increase over the past year and a staggering 1,093.81% over the last three years. The company's positive financial results, including a 151.95% growth in net profit and consistent positive results for the last eight quarters, further support the stock's upward movement.
In the broader market context, while Rainbow Foundations has been experiencing significant gains, the benchmark Sensex has seen a decline of 1.22% over the past week and a 3.00% drop over the past month. This stark contrast highlights the stock's strong performance relative to the market. Despite a recent decrease in investor participation, as indicated by a 23.77% drop in delivery volume, the liquidity remains sufficient for trading. Overall, the combination of strong financial results and consistent outperformance against the benchmark has contributed to the stock's rising price.