Why is BGIL Films & Tec falling/rising?

As of 28-Oct, BGIL Films & Technologies Ltd is experiencing a price increase, currently at Rs. 20.33, reflecting a rise of Rs. 0.96 or 4.96%. The stock has hit a new 52-week high today and has shown strong performance, gaining 14.54% over the past week and 19.38% over the last month. It has been on a consecutive gain streak for the last four days, outperforming its sector by 5.92%. Additionally, the stock is trading above all key moving averages, indicating a strong upward trend. The rising investor participation is also notable, with delivery volume increasing by 238.62% compared to the five-day average, suggesting heightened interest and confidence among investors.
In the broader market context, BGIL Films & Technologies Ltd's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.24% over the past week. The stock's year-to-date return of 208.03% and one-year return of 289.46% further highlight its strong performance relative to the Sensex's 8.30% increase during the same period. This substantial outperformance indicates that investor sentiment towards BGIL Films & Technologies Ltd remains positive, contributing to the stock's rising price amidst a generally stable market environment.