Why is Belrise Industri falling/rising?

As of 08-Sep, Belrise Industries Ltd is experiencing a price increase, currently at Rs 142.65, which reflects a rise of Rs 5.95 or 4.35%. The stock has shown a positive trend today, gaining after two consecutive days of decline. It reached an intraday high of Rs 143.75, indicating strong performance. Additionally, the stock has outperformed its sector by 2.09%. Over the past week, it has risen by 3.75%, and over the past month, it has increased by 5.86%. However, there has been a notable decline in investor participation, with delivery volume dropping by 29.13% compared to the five-day average, which may indicate some caution among investors.
In the broader market context, the Sensex has only increased by 0.53% over the past week and 1.16% over the past month, suggesting that Belrise Industries is outperforming the benchmark indices significantly in the short term. The auto ancillary sector, in which Belrise operates, has also gained by 2.3%, contributing positively to the stock's performance. Despite the drop in delivery volumes, the stock's liquidity remains sufficient for trading, and it is currently trading above all key moving averages, indicating a strong upward momentum relative to the market.