Why is Centum Electron falling/rising?

As of 17-Nov, Centum Electronics Ltd is experiencing a price increase, with the current price at 2,566.45, reflecting a rise of 99.95 or 4.05%. The stock has shown strong performance today, outperforming its sector by 3.68% and achieving a consecutive gain over the last two days, with a total return of 7.78% during this period. Despite opening with a loss of 4.48%, the stock reached an intraday high of Rs 2,570, indicating positive momentum. Over the past week, the stock has gained 6.51%, and year-to-date, it has risen by 21.02%, significantly outperforming the benchmark Sensex, which has increased by 8.72% during the same timeframe. Notably, investor participation has risen, with a delivery volume increase of 20.5% compared to the 5-day average, suggesting growing interest in the stock.
Broader Market Context: In the short term, Centum Electronics has outperformed the Sensex, which has only gained 1.69% over the past week compared to the stock's 6.51% increase. This strong performance relative to the benchmark indicates that investor confidence in Centum Electronics is robust, likely driven by its recent gains and rising trading volumes. The stock's liquidity remains favorable, allowing for sufficient trading activity, which can further support its price movement. Overall, the combination of positive investor sentiment, recent performance trends, and strong returns relative to the market contributes to the stock's upward trajectory.