Why is Skipper falling/rising?

As of 04-Aug, Skipper Ltd's stock price is rising, currently at 524.10, reflecting an increase of 7.85 (1.52%). The stock has shown strong performance recently, gaining 15.98% over the past week and outperforming its sector by 0.96% today. It has been on a consecutive gain streak for the last five days, with an intraday high of Rs 534.1. The stock is trading above its moving averages across various time frames, indicating positive momentum. Additionally, the company has reported impressive growth metrics, including a 30.34% annual increase in net sales and a 41.37% rise in net profit, contributing to its positive market perception. However, the low stake held by domestic mutual funds may suggest some caution regarding the stock's valuation.
In the broader market context, Skipper Ltd's short-term return of 15.98% over the past week significantly outpaces the Sensex, which has only increased by 0.16% during the same period. This stark contrast highlights the stock's strong performance relative to the overall market. While the company has demonstrated consistent returns over the past three years, outperforming the BSE500, the broader market has shown mixed results, with the Sensex down 2.89% over the past month. This divergence indicates that Skipper Ltd's recent price rise is driven by strong company fundamentals and investor confidence, despite some caution from institutional investors.