Why is Atishay falling/rising?

As of 31-Oct, Atishay Ltd's stock price is rising, currently at Rs 189.05, reflecting an increase of Rs 31.5 or 19.99%. The stock has shown strong performance today, outperforming its sector by 20.23% and has been on a consecutive gain streak for the last two days, accumulating a total return of 43.98% during this period. It opened with a significant gain of 10.89% and reached an intraday high of Rs 189.05. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Notably, investor participation has surged, with delivery volume increasing by 792.79% compared to the 5-day average, contributing positively to the stock's upward movement.
In the broader market context, Atishay Ltd's short-term return over the past week is +41.45%, significantly outperforming the Sensex, which has seen a slight decline of -0.32%. This stark contrast highlights the stock's strong momentum relative to the overall market. While the stock has experienced a year-to-date decline of -10.08%, its recent performance suggests a recovery phase, especially given its impressive 3-year return of +421.52% compared to the Sensex's +38.18%. The high volatility observed today, with an intraday fluctuation of 7.64%, further indicates active trading and investor interest, reinforcing the stock's rising trajectory.