Why is BGIL Films & Tec falling/rising?

As of 17-Sep, BGIL Films & Technologies Ltd is experiencing a rise in its stock price, currently at Rs. 14.86, reflecting an increase of 0.29 or 1.99%. The stock has hit a new 52-week high today and has been on an upward trend, gaining for the last eight consecutive days with a total return of 16.37% during this period. Additionally, the stock has significantly outperformed the sector by 3.18%. Over the past week, BGIL Films has shown a remarkable return of 10.24%, and year-to-date, it has surged by 125.15%, indicating strong momentum. However, there has been a decline in investor participation, with delivery volume dropping by 7.04% compared to the five-day average, which may suggest some caution among investors despite the positive price movement.
In the broader market context, BGIL Films & Technologies Ltd's performance has notably outpaced the benchmark Sensex, which has only increased by 1.56% over the past week. This trend of outperformance is consistent across multiple time frames, with the stock showing a year-on-year return of 223.04% compared to the Sensex's slight decline of 0.46%. The stock's ability to trade above all key moving averages further supports its bullish trajectory. Despite the falling delivery volume, the liquidity remains adequate for trading, which indicates that while some investors may be pulling back, the overall demand for the stock continues to drive its price higher.