Why is BGIL Films & Tec falling/rising?

As of 25-Jul, BGIL Films & Technologies Ltd is experiencing a price increase, currently at Rs. 14.80, reflecting a rise of Rs. 0.67 or 4.74%. The stock has recently hit a new 52-week high of Rs. 14.81 and has been on a consecutive gaining streak for the last eight days, accumulating a remarkable 46.97% return during this period. Additionally, the stock has significantly outperformed its sector by 7.36%. Over the past week, BGIL Films has shown an impressive return of 27.26%, and over the last month, it has surged by 114.80%, while year-to-date returns stand at 124.24%. The stock is also trading above its moving averages across various time frames, indicating strong momentum. There is no information available regarding positive or negative factors that could influence the stock's movement.
Broader Market Context: In contrast to BGIL Films' strong performance, the benchmark Sensex has seen a slight decline of 0.36% over the past week and a drop of 1.56% over the past month. This highlights the stock's robust performance relative to the broader market, as it has managed to thrive even when the overall sector, specifically in Film Production, Distribution & Entertainment, has decreased by 2.54%. The rising investor participation, evidenced by a 3.42% increase in delivery volume, further supports the stock's upward trajectory, indicating growing interest and confidence among investors despite the broader market challenges.