Why is Shalimar Agencie falling/rising?

As of 08-Jul, Shalimar Agencies Ltd is experiencing a price increase, currently at Rs. 31.26, reflecting a rise of 0.61 or 1.99%. The stock has recently hit a new 52-week high and has shown strong performance, gaining 10.3% over the past week and 34.8% over the past month. It has outperformed its sector by 2.04% today and has been on a consecutive gain streak for the last five days. Additionally, the stock has generated an impressive return of 598.39% over the past year, significantly surpassing the broader market's return of 1.98%. Positive quarterly results, including the highest recorded PBDIT, PBT, and PAT, have contributed to the stock's upward momentum.
In the broader market context, Shalimar Agencies Ltd's short-term performance is notably strong compared to the Sensex, which has only seen a marginal increase of 0.02% over the past week. Despite the stock's impressive gains, there is a noted decline in investor participation, with delivery volume dropping by 71.54% against the five-day average, which may raise concerns about sustainability. However, the stock remains liquid enough for trading, indicating that while there may be fluctuations in participation, the overall market sentiment towards Shalimar Agencies remains positive.