Why is Sh. Rama Multi. falling/rising?

As of 25-Jul, Shree Rama Multi-Tech Ltd's stock price is currently at 42.00, reflecting an increase of 0.35, or 0.84%. The stock has shown a trend reversal by gaining after five consecutive days of decline. Despite a recent drop in delivery volume, which fell by 38.65% against the five-day average, the stock outperformed its sector by 2.4% today. Over the past year, it has generated a remarkable return of 52.62%, significantly outperforming the BSE500 in each of the last three annual periods. The company's strong financial performance, including a net profit growth of 595.82% and consistent positive results over the last five quarters, supports the recent upward movement in the stock price.
In the broader market context, the stock's short-term performance over the past week shows a decline of 2.33%, while the benchmark Sensex has only decreased by 0.36%. This indicates that while the stock has faced short-term challenges, its longer-term performance remains robust, with a staggering 320.18% increase over the past three years compared to the Sensex's 46.08%. The liquidity of the stock is adequate for trading, which may also contribute to its ability to recover from recent declines. Overall, the combination of strong financial results and a recent trend reversal suggests a potential for continued recovery despite recent volatility.