Why is Birla Cable falling/rising?

As of 17-Sep, Birla Cable Ltd's stock price is currently at Rs 172.95, reflecting an increase of Rs 4.95, or 2.95%. Today's performance indicates that the stock opened with a gain of 2.98% and reached an intraday high of Rs 174.05, which is a 3.6% increase. Over the past week, the stock has outperformed the sector by 3.87%, and it has shown a return of +13.63% over the past month. However, it is important to note that there has been a significant decline in investor participation, with delivery volume dropping by 65.16% compared to the five-day average. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, but remains below its 200-day moving average.
In the broader market context, Birla Cable's short-term performance has been notably stronger than the benchmark Sensex, which has only increased by 1.56% over the past week. This indicates that while the stock is experiencing a positive trend in the short term, it has underperformed year-to-date with a decline of 19.24% compared to the Sensex's gain of 5.83%. The stock's long-term performance shows a mixed picture, with a significant drop of 35.14% over the past year, while it has performed well over a three-year period with a return of 23.49%. Overall, the recent rise in stock price can be attributed to short-term gains and outperformance against the sector, despite the concerning drop in investor participation.