Why is BGIL Films & Tec falling/rising?

As of 23-Sep, BGIL Films & Technologies Ltd is experiencing a price increase, with its current price at Rs. 16.06, reflecting a change of 0.31 (1.97%) upward. The stock has been on a positive trajectory, gaining for the last 12 days and achieving a remarkable 25.76% return during this period. It has also reached a new 52-week high today. In terms of performance against benchmarks, the stock has shown impressive returns, with a year-to-date increase of 143.33% and a one-year increase of 254.53%, significantly outperforming the Sensex, which has only risen by 5.07% and declined by 3.33% over the same period. Additionally, the stock is trading above all its moving averages, indicating strong bullish momentum. There is also a notable rise in investor participation, with delivery volume increasing by 87.07% compared to the five-day average, suggesting heightened interest in the stock.
Broader market context reveals that while the film production, distribution, and entertainment sector has gained by 3.21%, BGIL Films & Technologies Ltd has slightly underperformed its sector by 1.19% today. However, the stock's substantial gains over the past week and month, coupled with its strong year-to-date performance, indicate a robust demand that contrasts with the broader market's mixed performance. The Sensex has seen a slight decline of 0.34% over the past week, while BGIL Films has surged by 10.23%, highlighting its resilience and attractiveness to investors in a fluctuating market environment.