Why is Balaji Phos. falling/rising?

As of 17-Sep, Balaji Phosphates Ltd is experiencing a slight increase in its stock price, currently at 170.00, with a change of 0.5, representing a 0.29% rise. The stock has shown a strong performance over the past week, with a return of +1.52%, which outpaces the Sensex's +1.43%. Over the past month, Balaji Phosphates has significantly outperformed the benchmark, achieving a return of +19.68% compared to the Sensex's +2.84%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. There has also been a notable increase in investor participation, with delivery volume rising by 23.08% against the 5-day average, suggesting growing interest in the stock.
In the broader market context, the stock's recent performance reflects a favorable sentiment compared to the benchmark, particularly in the short term. While specific positive and negative factors are not available, the overall upward movement in price, combined with increased trading activity, suggests a positive outlook among investors. The liquidity of the stock, being sufficient for trade sizes, further supports its stability in the market. Overall, Balaji Phosphates Ltd's recent price increase can be attributed to strong short-term performance and heightened investor engagement.