Why is Alicon Cast. falling/rising?

As of 27-Oct, Alicon Castalloy Ltd is experiencing a significant rise in its stock price, currently at 963.65, reflecting an increase of 91.75 or 10.52%. The stock has shown strong performance today, outperforming its sector by 10% and achieving a consecutive gain over the last two days with a total return of 12.79%. It opened with a gain of 3.62% and reached an intraday high of Rs 1024.95, which is a 17.55% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Notably, there has been a rise in investor participation, with delivery volume increasing by 75.67% against the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Alicon Castalloy's short-term return of 13.29% over the past week significantly outpaces the Sensex, which only increased by 0.49% during the same period. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of 3.37% compared to the Sensex's gain of 8.50%. Despite this, the recent upward momentum and strong trading activity indicate a positive shift in investor sentiment, which may be contributing to the current rise in the stock price. The absence of specific positive or negative factors in the dashboard does not detract from the overall bullish sentiment reflected in the stock's recent performance.