Why is Ram Ratna Wires falling/rising?

As of 29-Jul, Ram Ratna Wires Ltd's stock price is rising, currently at 755.70, reflecting an increase of 35.85 or 4.98%. The stock has shown strong performance recently, gaining 7.31% over the last two days and is only 0.62% away from its 52-week high of Rs 758. It has outperformed its sector by 2.92% today and is trading above all key moving averages, indicating positive momentum. Additionally, the stock has demonstrated impressive returns over various periods, including a 78.61% increase over the past year and a staggering 539.20% over the last three years. The company's healthy long-term growth, with net sales increasing at an annual rate of 20.51% and operating profit at 26.60%, further supports the stock's upward movement.
In the broader market context, while the Sensex has declined by 1.03% over the past week and 3.24% over the past month, Ram Ratna Wires has managed to achieve a 5.50% increase in the same one-week period and an 11.13% rise in the past month. This stark contrast highlights the stock's resilience and strong market position. The rising investor participation, indicated by an 82.43% increase in delivery volume, suggests growing confidence among investors, contributing to the stock's upward trajectory despite the overall market's struggles.