Why is Century Plyboard falling/rising?

As of 13-Nov, Century Plyboards (India) Ltd is experiencing a positive price movement, with its current price at Rs 798.00, reflecting an increase of Rs 33.15 or 4.33%. The stock has outperformed its sector by 1.11% today and has shown a consecutive gain over the last two days, rising 7.34% during this period. Additionally, it has touched an intraday high of Rs 808.4, indicating strong investor interest. The stock is trading above all its moving averages, which suggests a bullish trend. The company also benefits from high management efficiency, a low debt-to-EBITDA ratio, and strong long-term fundamentals, which contribute to its attractiveness in the market.
In the broader market context, Century Plyboards has outperformed the Sensex over the past week and month, with returns of 5.37% and 7.01%, respectively, compared to the Sensex's 1.40% and 2.61%. This indicates that the stock is gaining traction relative to the overall market. The significant increase in delivery volume, which rose by 382.48% against the 5-day average, further highlights rising investor participation. The high institutional holdings at 22.41% suggest confidence from more sophisticated investors, which can positively influence retail investor sentiment and contribute to the stock's upward momentum.