Why is Bharat Seats falling/rising?

As of 01-September, Bharat Seats Ltd's stock price is rising, currently at Rs. 162.45, reflecting an increase of Rs. 15.45 or 10.51%. The stock has recently hit a new 52-week high and has been on an upward trend, gaining 22.14% over the last three days. It opened with a gain of 2.52% today and reached an intraday high of Rs. 162.45. The stock has outperformed its sector by 7.78% today and has shown impressive returns over various periods, including a 46.55% increase over the past month and a remarkable 302.60% rise over the last three years. Additionally, the stock is trading above all key moving averages, indicating strong momentum. There is also a notable increase in investor participation, with delivery volume rising significantly, suggesting growing interest in the stock.
In the broader market context, Bharat Seats Ltd has outperformed the Sensex, which has seen a decline of 1.56% over the past week while Bharat Seats has gained 21.14%. This trend of outperformance is consistent across multiple time frames, with the stock up 72.91% year-to-date compared to the Sensex's modest 2.85% gain. The auto ancillary sector, in which Bharat Seats operates, has also experienced a positive movement, gaining 2.8%. This combination of strong stock performance, positive sector dynamics, and increased investor interest contributes to the stock's rising price.