Why is Catvision Ltd falling/rising?

As of 18-Nov, Catvision Ltd is experiencing a significant rise in its stock price, currently at Rs 29.52, reflecting an increase of Rs 4.92 or 20.0%. The stock has shown impressive performance, gaining 45.99% over the last three days and is currently trading close to its 52-week high, just 2.98% away from Rs 30.4. Additionally, it has outperformed its sector by 19.59% today. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 1821.51% compared to the 5-day average, suggesting heightened interest and confidence in the stock.
In the broader market context, Catvision Ltd's performance over the past week has been exceptional, with a return of 45.71%, significantly outpacing the Sensex, which only increased by 0.96% during the same period. This stark contrast highlights the stock's strong momentum relative to the market. Year-to-date, Catvision Ltd has returned 12.03%, again surpassing the Sensex's 8.36%. The combination of strong stock-specific factors and favorable comparisons to the benchmark indicates a robust demand for Catvision Ltd shares, contributing to its rising price.