Why is BGIL Films & Tec falling/rising?

As of 24-Sep, BGIL Films & Technologies Ltd is experiencing a rise in its stock price, currently at Rs. 16.38, reflecting an increase of 0.32 or 1.99%. The stock has hit a new 52-week high today and has been on a positive trajectory, gaining for the last 13 consecutive days with a total return of 28.27% during this period. Additionally, the stock has significantly outperformed the sector by 3.51%. Over the past week, it has risen by 10.23%, and year-to-date, it has shown an impressive increase of 148.18%. However, there is a noted decline in investor participation, with delivery volume falling by 31.81% against the 5-day average, which could indicate a potential concern for sustained momentum.
In the broader market context, while BGIL Films & Technologies Ltd has shown strong short-term performance, the benchmark Sensex has declined by 1.18% over the past week. This stark contrast highlights the stock's resilience and strength relative to the overall market. Year-to-date, while the stock has surged by 148.18%, the Sensex has only increased by 4.58%, further emphasizing the stock's robust performance. Despite the recent drop in delivery volume, the liquidity remains sufficient for trading, suggesting that while there may be some caution among investors, the overall trend for BGIL Films & Technologies Ltd remains positive.