Why is Bhartiya Intl. falling/rising?

As of 02-Jul, Bhartiya International Ltd is experiencing a price increase, currently at 750.00, reflecting a rise of 16.5 or 2.25%. The stock has shown strong performance today, outperforming its sector by 0.7% and achieving a consecutive gain over the last two days with a total return of 6.85%. It opened with a gain of 3.05% and reached an intraday high of Rs 760. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Additionally, the company has reported a significant growth in net sales of 34.22% and consistent positive results over the last three quarters, which has contributed to rising investor confidence, as evidenced by an increase in promoter stake by 2.54%.
In the broader market context, Bhartiya International's short-term return of 4.75% over the past week significantly outpaces the Sensex's return of 0.79%. While the stock has underperformed year-to-date with a decline of 5.65% compared to the Sensex's gain of 6.75%, its impressive one-year return of 66.93% highlights its strong performance relative to the benchmark's 5.00% increase. The rising investor participation, with a notable increase in delivery volume, further supports the stock's upward momentum, indicating a positive sentiment among investors despite its mixed performance over longer periods.