Why is Banaras Beads falling/rising?

As of 30-Oct, Banaras Beads Ltd is experiencing a price increase, currently at Rs 151.55, which reflects a rise of Rs 8.05 or 5.61%. The stock has shown strong performance today, having outperformed its sector by 5.09% and achieving a new 52-week high of Rs 171.9. It has been gaining for the last four days, accumulating a total return of 7.14% during this period. The stock opened significantly higher today, with a gap up of 19.79%, and has demonstrated high volatility with an intraday fluctuation of 10.04%. Additionally, it is trading above its moving averages across various time frames, indicating a bullish trend. The rising investor participation, evidenced by a 53.7% increase in delivery volume, further supports the stock's upward movement.
In the broader market context, Banaras Beads has outperformed the benchmark Sensex over the past week, with a return of +5.24% compared to the Sensex's -0.18%. Over the past month, the stock has also outperformed the benchmark, returning +10.23% against the Sensex's +5.15%. This strong relative performance suggests that investor sentiment towards Banaras Beads is positive, particularly in contrast to the broader market trends. Overall, the combination of strong price movements, high trading volumes, and positive returns relative to the benchmark indicates a favorable outlook for Banaras Beads Ltd.