Why is Bhilwara Tech falling/rising?

As of 18-Jul, Bhilwara Technical Textiles Ltd is experiencing a price increase, with its current price at 58.28, reflecting a change of 0.28 (0.48%) upward. The stock has shown strong performance recently, gaining 14.05% over the past week and 30.97% over the last month, significantly outperforming the Sensex, which has seen a decline of 0.90% in the same week. Additionally, the stock has been on a consecutive gain streak for the last four days, and it is trading above its moving averages across various time frames, indicating a positive trend. However, there has been a decrease in investor participation, with delivery volume falling by 15.33% against the five-day average, which may suggest some caution among investors.
In the broader market context, Bhilwara Technical Textiles Ltd's strong short-term performance contrasts sharply with the Sensex, which has only gained 0.38% over the past month. The stock's year-to-date return of 26.70% also outpaces the benchmark's 4.63% increase, highlighting its robust performance relative to the market. This divergence indicates that while the overall market may be facing challenges, Bhilwara Tech is capitalizing on its strengths, contributing to its rising stock price.