Why is Rainbow Foundat. falling/rising?

As of 01-Aug, Rainbow Foundations Ltd is experiencing a price increase, currently at Rs. 133.80, which reflects a rise of 2.6 or 1.98%. The stock has hit a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 17 days, accumulating a remarkable 39.91% return during this period. Additionally, the stock has outperformed its sector by 3.55% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has shown strong financial performance, with a net profit growth of 151.95% and positive results 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 benchmark Sensex, with a 10.38% increase over the past week compared to a decline of 1.06% in the index. Over the last month, the stock has surged by 49.70%, while the Sensex has decreased by 3.70%. This strong performance is indicative of the company's robust fundamentals and positive market sentiment, which contrasts sharply with the broader market trends. The rising investor participation, evidenced by an increase in delivery volume, further supports the stock's upward trajectory amidst a generally challenging market environment.