Why is Belrise Industri falling/rising?

As of 07-Aug, Belrise Industries Ltd is experiencing a price increase, currently at 137.05, reflecting a change of 1.3 or 0.96% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 1.57% today, and the delivery volume has risen by 16.9% against the 5-day average, indicating increased investor participation. Additionally, the stock's price is higher than the 20-day, 50-day, 100-day, and 200-day moving averages, although it is lower than the 5-day moving average. The stock's performance over the past month has been notably strong, with a return of +33.77%, contrasting with the Sensex's decline of -3.38% during the same period.
In the broader market context, while Belrise Industries has outperformed the benchmark in the short term, it has still seen a slight decline of -0.76% over the past week compared to the Sensex's -0.69%. This suggests that while the stock is currently rising, it has faced some recent challenges. The overall market sentiment appears to be mixed, but the strong monthly performance and increased trading activity may indicate a positive outlook for the stock moving forward.