Why is Shalimar Agencie falling/rising?

As of 07-Jul, Shalimar Agencies Ltd is experiencing a price increase, currently at Rs. 30.65, which reflects a rise of 0.6 or 2.0%. The stock has recently hit a new 52-week high and has been on a positive trajectory, gaining 8.15% over the last four days. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The company reported positive financial results for March 2025, with the highest quarterly figures for PBDIT, PBT, and PAT, which likely contributed to investor confidence and the stock's recent performance. However, there has been a notable decline in investor participation, with delivery volume dropping significantly, which could raise concerns about the sustainability of the price increase.
In the broader market context, Shalimar Agencies Ltd has outperformed the benchmark, with a 1-week return of 6.02% compared to the Sensex's slight decline of 0.20%. Over the past year, the stock has generated an impressive return of 584.76%, far exceeding the BSE500's return of 1.74%. This substantial outperformance suggests that the stock's recent gains are not only driven by company-specific factors but also reflect a strong market position relative to broader market trends.