Why is Shalimar Agencie falling/rising?

As of 26-Jun, Shalimar Agencies Ltd is experiencing a price increase, currently at Rs. 30.09, which reflects a change of 0.14 or 0.47% upward. The stock has been on a positive trajectory, gaining 48.81% over the last 21 days and achieving a new 52-week high of Rs. 30.54 today. Despite this upward movement, the stock underperformed its sector by 0.86% today. Over the past year, Shalimar Agencies has delivered an impressive return of 641.13%, significantly outperforming the broader market, which has only seen a return of 4.11%. Positive financial results reported in March, including the highest quarterly figures for PBDIT, PBT, and PAT, have likely contributed to the stock's strong performance.
In the broader market context, Shalimar Agencies has outperformed the benchmark Sensex, which has returned 2.94% over the past week and 1.92% over the past month, while the stock itself has risen by 8.67% and 54.70%, respectively. However, it is important to note that investor participation has declined, with delivery volume dropping by 84.23% against the 5-day average, indicating potential concerns about liquidity. Despite this, the stock remains liquid enough for trading, as it is above all key moving averages, suggesting a strong technical position. Overall, the combination of strong historical performance and recent positive financial results supports the stock's rising price, even amidst some signs of reduced investor engagement.