Why is Bhagawati Oxygen falling/rising?

As of 24-Sep, Bhagawati Oxygen Ltd's stock price is currently at Rs 48.60, reflecting an increase of Rs 1.38 or 2.92%. The stock has been gaining momentum, having outperformed its sector by 4.42% today and achieving a consecutive gain over the last two days with an overall rise of 8% during this period. It opened with a significant gap up of 3.22% and reached an intraday high of Rs 48.74. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The delivery volume has also seen a notable increase of 42.29% compared to the 5-day average, suggesting rising investor participation. There are no positive or negative factors explicitly mentioned, but the overall performance indicators suggest a favorable sentiment towards the stock.
Broader market context shows that Bhagawati Oxygen's short-term performance has been relatively strong compared to the benchmark, as it has gained 0.21% over the past week while the Sensex has declined by 1.18%. Over the past month, the stock has significantly outperformed the Sensex, with a return of 17.96% compared to the benchmark's 0.50%. However, on a year-to-date basis, the stock is down 8.04%, contrasting with the Sensex's gain of 4.58%. This indicates that while the stock is currently experiencing a positive trend, it has faced challenges in the longer term compared to the broader market.