Why is Bengal & Assam falling/rising?

As of 13-Oct, Bengal & Assam Company Ltd's stock price is rising, currently at 8,500.00, reflecting an increase of 523.15 or 6.56%. The stock has shown strong performance today, outperforming its sector by 5.63% and achieving a consecutive gain over the last two days with a total return of 12.13%. It reached an intraday high of Rs 8540, although it also experienced a low of Rs 7732.1. Notably, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 641.94% compared to the 5-day average. The company maintains strong long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 13.30%.
In the broader market context, Bengal & Assam's short-term performance over the past week has been notably strong, with a return of +11.48%, significantly outpacing the Sensex, which only gained +0.66% in the same period. However, the stock has faced challenges over the longer term, with a year-to-date decline of -8.60% compared to the Sensex's +5.36%. Despite these longer-term struggles, the recent upward movement in the stock price suggests a positive shift in investor sentiment, likely driven by the company's solid fundamentals and improved trading activity.