Why is Bansal Wire Inds falling/rising?

As of 14-Jul, Bansal Wire Industries Ltd is experiencing a price increase, currently at Rs 414.75, reflecting a rise of Rs 10.9 or 2.7%. The stock has shown strong performance today, outperforming its sector by 2.73% and has been on a consecutive gain streak for the last four days, accumulating a total return of 8.01% during this period. Additionally, the stock opened with a gain of 2.41% and reached an intraday high of Rs 423.65, which is a 4.9% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, the company has reported positive financial results over the last three consecutive quarters, with a significant growth in profit after tax and net sales, contributing to the stock's upward momentum.
In the broader market context, Bansal Wire Industries Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of +7.83% compared to the Sensex's -1.42%. While the stock has generated a return of 16.37% over the past year, significantly higher than the market's 2.15%, it is important to note that it has a year-to-date return of -9.84%, which contrasts with the Sensex's positive 5.27%. This indicates that while the stock is currently rising, it has faced challenges earlier in the year. The rising investor participation, as evidenced by a substantial increase in delivery volume, further supports the stock's positive movement in the current market environment.