Why is Belrise Industri falling/rising?

As of 13-Nov, Belrise Industries Ltd is experiencing a price increase, currently at Rs. 163.90, which reflects a rise of Rs. 9.3 or 6.02%. The stock has recently hit a new 52-week and all-time high of Rs. 168.5 today, showcasing strong performance with an intraday high increase of 8.99%. Over the past two days, the stock has gained 8.22%, outperforming its sector by 6.37%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Notably, investor participation has surged, with delivery volume increasing by 76% compared to the 5-day average, contributing to the stock's upward momentum. There is no information available regarding positive or negative factors that could influence the stock's movement.
Broader market context shows that Belrise Industries has outperformed the benchmark Sensex in the short term, with a 1-week return of +10.22% compared to the Sensex's +1.40%. This significant outperformance suggests that the stock is gaining traction among investors, likely driven by positive sentiment and strong trading activity. The overall market environment appears supportive, as the stock's performance contrasts favorably with the broader market trends, further reinforcing the bullish outlook for Belrise Industries.