Why is Shalimar Agencie falling/rising?

As of 25-Jun, Shalimar Agencies Ltd is experiencing a price increase, currently at Rs. 29.95, which reflects a rise of Rs. 0.58 or 1.97%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 21 consecutive days with a total return of 51.03% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The company has reported positive financial results for the quarter ending March 25, with the highest PBDIT, PBT, and PAT figures recorded, further bolstering investor confidence.
In the broader market context, Shalimar Agencies Ltd has significantly outperformed the benchmark, generating a return of 637.68% over the past year compared to the BSE 500's return of only 3.43%. Over the last week, the stock has risen by 10.31%, while the Sensex has only increased by 1.61%. This substantial outperformance, combined with rising investor participation—evidenced by a 72.06% increase in delivery volume—suggests strong demand for the stock, contributing to its upward price movement.