Why is Bluechip Tex Ind falling/rising?

As of 24-Sep, Bluechip Tex Industries Ltd is experiencing a price increase, currently at Rs 146.95, which reflects a rise of Rs 9.2 or 6.68%. The stock opened with a gain of 3.77% today and reached an intraday high of Rs 146.95. It has outperformed its sector by 7.11% today, and there has been a notable increase in investor participation, with delivery volume rising by 5.37% compared to the 5-day average. However, the stock's year-to-date performance shows a decline of 22.13%, indicating a longer-term struggle despite the recent positive movement.
In the broader market context, Bluechip Tex's short-term performance of +0.24% over the past week contrasts with the Sensex, which has declined by 1.18% during the same period. This suggests that the stock is gaining traction relative to the market. Over the past month, Bluechip Tex has also outperformed the benchmark, returning +3.85% compared to the Sensex's +0.50%. Despite its recent gains, the stock remains below its 100-day and 200-day moving averages, indicating potential challenges ahead in sustaining this upward momentum.