Why is Bloom Industries falling/rising?

As of 06-Aug, Bloom Industries Ltd is experiencing a price increase, currently at Rs 42.40, reflecting a rise of Rs 3.27 or 8.36%. The stock opened with a significant gain of 8.28% today and reached an intraday high of Rs 42.40. Over the past week, Bloom Industries has outperformed the sector by 5.52%, and its performance over the last month shows a return of 10.99%, while the stock has risen 73.20% over the past year. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 59.64% against the 5-day average, which could suggest a potential concern regarding sustained interest in the stock.
In the broader market context, Bloom Industries has significantly outperformed the Sensex, which has declined by 1.15% over the past week, while Bloom's return for the same period is a positive 6.27%. This trend continues over the past month, where Bloom's return of 10.99% contrasts with the Sensex's drop of 3.46%. The overall performance indicates that while the stock is currently rising, the broader market is facing challenges, which may affect future investor sentiment and participation.