Why is Addi Industries falling/rising?

As of 31-Oct, Addi Industries Ltd is experiencing a price increase, currently at Rs 129.65, which reflects a rise of Rs 5.25 or 4.22%. The stock has shown strong performance recently, with a 7.59% increase over the last two days and a year-to-date return of 209.72%. Although it opened lower today with a decline of 2.89%, it quickly rebounded, reaching an intraday high of Rs 129.95. The stock is also trading above all key moving averages, indicating a bullish trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 135.04% against the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Addi Industries has outperformed the Sensex, which has seen a slight decline of 0.32% over the past week while Addi Industries gained 1.65%. Over the past month, Addi Industries has also outperformed the benchmark, with a return of 12.35% compared to the Sensex's 3.65%. This trend of outperformance is indicative of strong investor confidence in Addi Industries relative to the overall market, contributing to its rising stock price.