Why is Avax Apparels falling/rising?

As of 15-Oct, Avax Apparels and Ornaments Ltd is experiencing a price increase, currently at Rs. 172.50, reflecting a rise of Rs. 6.5 or 3.92%. The stock has shown significant momentum, gaining 36.47% over the past seven days and outperforming its sector by 2.15% today. It reached a new 52-week high of Rs. 173, opening with a gain of 4.22%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. There has also been a notable increase in investor participation, with delivery volume rising by 40% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Avax Apparels has outperformed the Sensex significantly over the past week, with a return of 23.83% compared to the benchmark's 1.02%. Over the past month, the stock has surged by 42.56%, while the Sensex has only increased by 1.00%. This stark contrast highlights the stock's strong performance relative to the overall market. The absence of any negative factors in the provided data further supports the positive sentiment surrounding the stock, contributing to its recent price rise.