Why is Solara Active falling/rising?

As of 17-Jul, Solara Active Pharma Sciences Ltd is experiencing a price increase, currently at 692.85, reflecting a change of 3.4 (0.49%) upward. The stock has shown strong performance recently, with a 1-week return of +11.35% and a 1-month return of +33.36%, significantly outperforming the Sensex, which has seen a decline of -1.12% over the same week and a modest increase of +0.83% over the month. Today's price summary indicates that Solara Active is trading above all its moving averages, suggesting a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by -32.91% against the 5-day average. The company has reported positive financial results for the last three consecutive quarters, with a significant increase in profits and attractive valuations compared to its peers, contributing to the stock's upward momentum.
In the broader market context, Solara Active's short-term performance stands in stark contrast to the benchmark, as it has outperformed the Sensex significantly in both the 1-week and 1-month periods. While the stock has generated a return of 23.50% over the past year, the Sensex has only increased by 1.91%, highlighting Solara Active's strong market position. The company's robust financial metrics, including a high return on capital employed and a favorable debtors turnover ratio, further bolster investor confidence, despite the recent drop in trading volume. Overall, the combination of strong financial performance and favorable comparisons to the broader market supports the stock's rising price.