Why is Bonlon Industrie falling/rising?

As of 14-Nov, Bonlon Industries Ltd is experiencing a price increase, currently at 51.99, which reflects a rise of 3.31 or 6.8%. The stock has shown a positive trend today, having gained after two consecutive days of decline, and opened with a significant gap up of 5.59%. It reached an intraday high of Rs 53, marking an 8.87% increase. Additionally, the stock has outperformed its sector by 8.1%. Over the past week, Bonlon Industries has returned 5.03%, while its year-to-date return stands at an impressive 46.00%. However, there has been a notable decline in investor participation, with delivery volume dropping by 35.29% compared to the five-day average, which could indicate some caution among investors.
In the broader market context, Bonlon Industries' short-term performance has outpaced the Sensex, which has returned 1.62% over the past week. This suggests that while the stock is rising, it is doing so in a favorable market environment, as it has consistently traded above its moving averages across various time frames. The stock's strong year-to-date performance of 46.00% compared to the Sensex's 8.22% further highlights its relative strength. Overall, the combination of a positive price movement today, strong historical returns, and outperformance against the sector contributes to the stock's rising trend, despite the recent drop in investor participation.