Why is Bonlon Industrie falling/rising?

As of 10-Oct, Bonlon Industries Ltd is experiencing a significant rise in its stock price, currently at Rs. 46.60, which reflects an increase of Rs. 5.87 or 14.41%. The stock has recently hit a new 52-week high of Rs. 47.5 and has shown strong performance today, outperforming its sector by 17.22%. Over the past three days, the stock has gained 16.41%, and it opened with a gain of 3.12% today. Additionally, Bonlon Industries has demonstrated positive returns over various periods, including a 30.86% increase year-to-date and a 26.36% rise over the past year. The stock is also trading above all its key moving averages, indicating a bullish trend. Furthermore, rising investor participation is evident with a 29.09% increase in delivery volume compared to the 5-day average, contributing to the stock's upward momentum.
In the broader market context, Bonlon Industries has significantly outperformed the Sensex, which has only increased by 1.59% over the past week, while Bonlon's stock has surged by 14.52% in the same period. This stark contrast highlights the stock's strong performance relative to the benchmark. However, it is important to note that the non-ferrous metal sector has seen a decline of 2.81%, indicating that the stock's rise is not reflective of broader sector trends. Despite the high volatility observed today, with an intraday volatility of 6.15%, the liquidity remains favorable for trading, suggesting that investor confidence in Bonlon Industries is robust amidst a challenging sector environment.