Why is BSL falling/rising?

As of 31-Oct, BSL Ltd's stock price is rising, currently at 197.65, reflecting an increase of 5.6 or 2.92%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 5.39% during this period. It opened with a gain of 3.02% today and reached an intraday high of Rs 202.35. Additionally, BSL is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The recent increase in delivery volume, which rose by 70.8% against the 5-day average, suggests rising investor participation, contributing positively to the stock's performance. There is no information available regarding positive or negative factors that could impact the stock's movement.
Broader Market Context: In the short term, BSL's performance has significantly outpaced the benchmark Sensex, with a 1-week return of +4.16% compared to the Sensex's -0.32%. This trend of outperformance is further highlighted by the stock's 1-month return of +21.82% against the Sensex's +3.65%. Despite a year-to-date decline of -27.57%, the recent gains indicate a potential recovery phase for BSL, contrasting with the broader market's performance. Overall, the stock's strong short-term returns relative to the benchmark suggest positive investor sentiment and confidence in BSL Ltd.