Why is Bajel Projects falling/rising?

As of 27-Jun, Bajel Projects Ltd is experiencing a price increase, currently at Rs 246.55, reflecting a rise of Rs 11.5 or 4.89%. The stock has shown strong performance recently, gaining 22.05% over the past week and outperforming its sector by 4.01% today. It opened with a gain of 2.08% and reached an intraday high of Rs 246.8. Additionally, the stock has been on a consecutive gain streak for the last five days, with significant increases in delivery volume, indicating rising investor participation. The company also boasts a low debt-to-equity ratio and impressive long-term growth in net sales and operating profit, which positively influences investor sentiment.
In the broader market context, Bajel Projects' short-term return of 22.05% over the past week significantly outpaces the Sensex's return of 2.00% during the same period. While the stock has struggled year-to-date with a decline of 9.95% and a 15.95% drop over the past year, its recent performance suggests a potential turnaround. The stock's current trading levels above various moving averages further support the bullish sentiment, indicating a favorable technical outlook compared to the broader market.