Why is Bharat Seats falling/rising?

As of 23-Sep, Bharat Seats Ltd is experiencing a price increase, with its current price at Rs 168.40, reflecting a rise of Rs 8.0 or 4.99%. The stock has shown strong performance today, outperforming its sector by 4.49% and marking a consecutive gain over the last three days, during which it has returned 14.91%. Additionally, the stock opened with a gain of 2.65% and reached an intraday high of Rs 168.40. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The rising investor participation is evident, with a delivery volume of 2.74 lacs on 22 Sep, which is a 49.53% increase compared to the 5-day average. There are no positive or negative factors explicitly mentioned, but the overall performance suggests a favorable sentiment towards the stock.
In the broader market context, Bharat Seats Ltd has significantly outperformed the Sensex, with a 1-week return of +6.21% compared to the benchmark's -0.34%. Over the past month, the stock has risen by 22.56%, while the Sensex has only increased by 0.98%. Year-to-date, Bharat Seats has achieved a remarkable return of 79.24%, contrasting sharply with the Sensex's 5.07%. This consistent outperformance indicates strong investor confidence in Bharat Seats amidst a relatively stagnant broader market.