Why is Bharat Gears falling/rising?

As of 17-Nov, Bharat Gears Ltd is experiencing a price increase, currently at Rs 114.85, reflecting a rise of 5.45 or 4.98%. The stock has shown strong performance today, outperforming its sector by 4.55% and has been on a gaining streak for the last four days, accumulating a total return of 8.04% during this period. Additionally, the stock opened with a gain of 4.98% and has consistently traded at this price. It is also noteworthy that Bharat Gears is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 27.47% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Bharat Gears has outperformed the Sensex over the past week, with a return of +7.04% compared to the benchmark's +1.69%. However, over the longer term, the stock has shown mixed performance, with a year-to-date return of +15.61% against the Sensex's +8.72%. This indicates that while the stock is currently gaining, it has faced challenges in the past month and three years, where it has underperformed relative to the benchmark. Overall, the recent upward movement can be attributed to strong short-term performance and increased investor interest, despite some historical volatility.