Why is Borana Weaves falling/rising?

As of 11-Nov, Borana Weaves Ltd is experiencing a significant price increase, with its current price at Rs. 257.40, reflecting a rise of Rs. 19.15 or 8.04%. The stock has recently hit a new 52-week and all-time high of Rs. 270, demonstrating strong upward momentum. Over the past week, the stock has gained 11.14%, and in the last six days alone, it has seen a cumulative return of 13.89%. Additionally, the stock is trading above all key moving averages, indicating a bullish trend. The recent increase in investor participation, with delivery volume rising by 61.39% against the five-day average, further supports the positive movement of the stock.
In the broader market context, Borana Weaves has outperformed the Sensex, which has only increased by 0.49% over the past week. This strong performance relative to the benchmark suggests that investor sentiment towards Borana Weaves is particularly favorable compared to the overall market. The stock's liquidity is also adequate, allowing for trades of significant size, which can contribute to its rising price. Overall, the combination of strong performance metrics, positive investor engagement, and favorable market conditions has led to the stock's upward trajectory.