Why is Bajel Projects falling/rising?

As of 25-Jun, Bajel Projects Ltd is experiencing a price increase, currently at Rs 231.25, reflecting a rise of Rs 11.0 or 4.99%. The stock has shown strong performance recently, gaining 14.48% over the last three days and outperforming its sector by 3.99% today. It opened with a gain of 4.99% and has maintained this price throughout the trading session. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite this, there has been a notable decline in investor participation, with delivery volume falling by 76.24% compared to the 5-day average. The company benefits from a low debt-to-equity ratio and impressive long-term growth rates in net sales and operating profit, which contribute positively to its recent price movement.
In the broader market context, Bajel Projects has outperformed the Sensex in the short term, with a 1-week return of 10.65% compared to the Sensex's 1.61%. However, it is important to note that year-to-date, Bajel Projects has underperformed with a decline of 15.54%, while the Sensex has gained 5.91%. This contrast highlights the stock's recent recovery amidst a longer-term struggle, suggesting that while current trends are positive, the overall performance over the year remains a concern.