Why is Belrise Industri falling/rising?

As of 24-Sep, Belrise Industries Ltd is experiencing a price increase, currently at Rs 161.55, which reflects a rise of Rs 1.6 or 1.0%. The stock has shown strong performance recently, gaining 4.94% over the last two days and outperforming its sector by 2.04% today. It is also close to its 52-week high, just 1.89% away from Rs 164.6. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The rising investor participation is notable, with a delivery volume of 69.78 lacs on 23 September, which is up by 49.17% compared to the 5-day average.
In the broader market context, Belrise Industries has outperformed the Sensex over the past week, with a return of +4.56% compared to the benchmark's -1.18%. Over the last month, the stock has also shown a significant gain of +10.16%, while the Sensex has only increased by +0.50%. This strong relative performance suggests that investor sentiment towards Belrise Industries is positive, especially in light of its recent gains and liquidity, which supports trading activity. Overall, the stock's upward movement can be attributed to both its strong recent performance and favorable market conditions relative to the benchmark.