Why is Shalimar Agencie falling/rising?

As of 24-Jun, Shalimar Agencies Ltd is experiencing a rise in its stock price, currently at Rs. 29.37, which reflects an increase of Rs. 0.57 or 1.98%. The stock has hit a new 52-week high today and has shown impressive performance, gaining 51% over the last 21 days. Additionally, it has outperformed its sector by 1.06%. The stock is trading above all its moving averages, indicating strong upward momentum. Positive financial results reported for March 2025, including the highest quarterly figures for PBDIT, PBT, and PAT, have likely contributed to the stock's favorable movement.
In the broader market context, Shalimar Agencies Ltd has significantly outperformed the Sensex, with a one-week return of 10.33% compared to the benchmark's 0.58%, and a year-to-date return of 222.75% against the Sensex's 5.01%. This stark contrast highlights the stock's strong performance relative to the market. The rising investor participation, evidenced by a 40% increase in delivery volume, further supports the stock's upward trajectory, suggesting robust demand among investors.