Why is Belrise Industri falling/rising?

As of 12-Sep, Belrise Industries Ltd is experiencing a price increase, currently at Rs 144.25, which reflects a rise of Rs 4.55 or 3.26%. The stock has shown strong performance today, outperforming its sector by 2.52% and reaching an intraday high of Rs 145.25, marking a 3.97% increase. Over the past week, the stock has gained 5.52%, and in the last month, it has risen by 7.53%. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 28.02% compared to the 5-day average, which may indicate a potential concern for sustained momentum.
In the broader market context, Belrise Industries' recent performance has significantly outpaced the Sensex, which has only increased by 1.48% over the past week and 2.08% over the past month. This strong relative performance suggests that investor sentiment towards Belrise Industries is currently positive, despite the drop in delivery volume. The stock is also trading above its moving averages across various time frames, indicating a bullish trend. However, the lack of information on positive or negative factors may limit a comprehensive understanding of the underlying reasons for the stock's movement.