Why is BGIL Films & Tec falling/rising?

As of 29-Sep, BGIL Films & Technologies Ltd is experiencing a price increase, currently at Rs. 17.37, which reflects a rise of 0.34 or 2.0%. The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last 16 days, accumulating a total return of 36.02% during this period. Additionally, the stock has shown impressive performance over various time frames, with a year-to-date increase of 163.18% and a remarkable 268.01% rise over the past year. However, there has been a notable decline in investor participation, with delivery volume dropping by 42.68% compared to the 5-day average, which may indicate some caution among investors despite the stock's strong performance.
In the broader market context, BGIL Films & Technologies Ltd has significantly outperformed the Sensex, which has declined by 2.18% over the past week while BGIL's stock has surged by 10.29%. This stark contrast highlights the stock's strength relative to the benchmark. Furthermore, while the stock is trading above its moving averages, indicating positive momentum, the falling delivery volume suggests a potential concern regarding sustained interest from investors. Overall, the stock's rise can be attributed to its strong historical performance and recent gains, despite the decrease in trading activity.