Why is Shalimar Agencie falling/rising?

As of 15-Jul, Shalimar Agencies Ltd's stock price is rising, currently at Rs. 34.49, reflecting an increase of Rs. 0.67 or 1.98%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 10 consecutive days with a total return of 21.7% during this period. Additionally, it has outperformed its sector by 1.17%. Over the past year, the stock has generated an impressive return of 670.55%, significantly surpassing the broader market's performance. The company has also reported positive financial results, with the highest quarterly figures for PBDIT, PBT, and PAT, which have likely contributed to the stock's upward movement.
In the broader market context, Shalimar Agencies Ltd has outperformed the Sensex, which has seen a decline of 1.36% over the past week while the stock itself has risen by 10.33%. This stark contrast highlights the stock's strong performance relative to the market. Furthermore, the stock's liquidity is favorable, with a significant increase in delivery volume, indicating rising investor participation. Overall, the combination of strong financial results, consistent gains, and robust investor interest has propelled the stock's price upward amidst a generally challenging market environment.