Why is BGIL Films & Tec falling/rising?

As of 21-Jul, BGIL Films & Technologies Ltd is experiencing a price increase, currently at Rs. 12.21, reflecting a rise of 0.58 or 4.99%. The stock has recently hit a new 52-week high and has shown strong performance, gaining 21.25% over the last four days. Additionally, it has outperformed its sector by 3.9%. Over the past week, the stock has surged by 15.19%, and it has impressive year-to-date returns of 85.00%. However, there has been a notable decline in investor participation, with delivery volume dropping by 62.29% against the 5-day average, which may indicate a potential concern regarding sustained interest in the stock.
In the broader market context, while BGIL Films & Technologies Ltd has shown significant short-term gains, the benchmark Sensex has remained relatively flat, with a slight decline of 0.06% over the past week. This stark contrast highlights the stock's strong performance relative to the overall market. The stock's consistent trading above its moving averages further supports its upward momentum, despite the decrease in delivery volume, which could suggest a need for caution among investors regarding future price movements.