Why is Bharat Wire falling/rising?

As of 16-Oct, Bharat Wire Ropes Ltd is experiencing a price increase, currently at Rs 180.55, which reflects a rise of Rs 1.75 or 0.98%. The stock has shown strong performance recently, gaining 8.8% over the last three days and outperforming its sector by 0.38%. Additionally, the stock has seen a significant increase in investor participation, with delivery volume rising by 257.86% compared to the 5-day average. Despite a year-to-date decline of 14.92% and a one-year drop of 29.91%, the stock has performed well over the last week and month, with returns of 12.70% and 5.18%, respectively.
In the broader market context, Bharat Wire Ropes Ltd has outperformed the Sensex, which has only increased by 1.58% over the past week and 1.32% over the past month. This indicates that the stock's recent gains are not just a reflection of overall market trends but also suggest a positive sentiment among investors specifically for this company. The stock's moving averages indicate it is currently above the 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day averages, suggesting a mixed long-term outlook. Overall, the combination of recent gains, increased trading volume, and relative outperformance against the benchmark contributes to the stock's rising price.