Why is Shalimar Agencie falling/rising?

As of 14-Jul, Shalimar Agencies Ltd is experiencing a price increase, currently at Rs. 33.82, reflecting a rise of Rs. 0.66 or 1.99%. The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last nine days, accumulating a total return of 19.34% 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 upward momentum. The company has also reported positive quarterly results, with the highest PBDIT, PBT, and PAT figures recorded, which likely contributes to the bullish sentiment among investors. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 410.92% against the 5-day average.
In the broader market context, Shalimar Agencies Ltd has significantly outperformed the benchmark Sensex, which has declined by 1.42% over the past week while the stock itself has surged by 10.34%. Over the past month, the stock has shown a remarkable return of 32.16%, compared to the Sensex's modest gain of 1.40%. This stark contrast in performance highlights the stock's strong appeal to investors amidst a generally weaker market environment. The liquidity of the stock, which is sufficient for trading, further supports its upward trajectory, making it an attractive option for investors looking for growth.