Why is Chandrima Mercan falling/rising?

As of 17-Oct, Chandrima Mercantiles Ltd is experiencing a price increase, with its current price at Rs. 8.11, reflecting a rise of 0.15 or 1.88%. The stock has recently hit a new 52-week high and has been on a positive trajectory, gaining for the last 12 consecutive days and achieving a remarkable 74.47% return during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The stock has also outperformed its sector by 1.92% today, and there has been a notable increase in investor participation, with delivery volume rising by 18.6% against the 5-day average. Unfortunately, there is no information available regarding any positive or negative factors that could further explain the stock's recent movement.
Broader market context shows that Chandrima Mercantiles Ltd has significantly outperformed the benchmark Sensex over various time frames. In the past week, the stock has risen by 23.44%, compared to the Sensex's increase of only 1.76%. Over the past month, the stock has surged by 108.27%, while the Sensex has only gained 1.52%. Year-to-date, the stock's performance stands at 45.64%, against the Sensex's 7.44%. This substantial outperformance in both short-term and long-term returns suggests that investor sentiment towards Chandrima Mercantiles Ltd is exceptionally positive, contributing to its rising stock price.