Why is Shalimar Agencie falling/rising?

As of 04-Jul, Shalimar Agencies Ltd is experiencing a price increase, currently at Rs 30.05, reflecting a rise of Rs 0.58 or 1.97%. The stock has shown strong performance recently, gaining 6.03% over the last three days and outperforming its sector by 1.84% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has delivered an impressive return of 571.36% over the past year, significantly surpassing the broader market's return of 2.13%. Positive financial results for March 2025, including record highs in PBDIT, PBT, and PAT, further bolster investor confidence and contribute to the stock's upward movement.
In the broader market context, Shalimar Agencies Ltd's recent performance contrasts sharply with the Sensex, which has declined by 0.74% over the past week. The stock's ability to generate a return of 34.75% over the last month, compared to the Sensex's 3.01%, highlights its strong market position. Additionally, rising investor participation, evidenced by a 30.18% increase in delivery volume, suggests growing interest and confidence in the stock, further supporting its price rise. Overall, the combination of strong financial results, consistent price gains, and favorable market conditions has contributed to the stock's upward trajectory.