Why is Bhagyanagar Ind falling/rising?

As of 22-Jul, Bhagyanagar India Ltd's stock is rising, currently priced at 109.93, reflecting an increase of 6.73 or 6.52%. The stock has shown strong performance today, outperforming its sector by 4.63% and opening with a gain of 4.55%. It reached an intraday high of Rs 115.85, although it also experienced a low of Rs 99.75, indicating high volatility with an intraday fluctuation of 6.12%. Over the past week, the stock has surged by 25.05%, and it has demonstrated impressive long-term growth with a 161.12% increase over the last three years. Despite a slight decline of 1.80% over the past year, the company has reported positive results in the last three quarters, with significant increases in net sales and cash equivalents, contributing to a favorable outlook.
In the broader market context, Bhagyanagar India's recent performance contrasts sharply with the Sensex, which has seen a decline of 0.47% over the past week. The stock's strong returns over various periods, particularly a 40.09% increase in the last month, highlight its resilience compared to the benchmark's negative performance. While the stock is trading above its moving averages, indicating a bullish trend, there has been a notable decrease in investor participation, with delivery volume falling by 24.72% against the five-day average. This decline in participation could temper the stock's upward momentum despite its attractive valuation and healthy growth indicators.