Why is Classic Filament falling/rising?

As of 27-Oct, Classic Filaments Ltd is experiencing a significant rise in its stock price, currently at Rs 33.18, reflecting an increase of 5.53 or 20.0%. The stock has shown impressive performance today, outperforming its sector by 20.48% and has been on a consecutive gain streak for the last three days, accumulating a total return of 49.73% during this period. It opened with a notable gain of 18.08% today and reached an intraday high of Rs 33.18. Additionally, Classic Filaments is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The rising investor participation is also noteworthy, with a delivery volume increase of 39.83% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Classic Filaments has outperformed the Sensex significantly over various time frames, including a 40.47% return over the past week compared to the Sensex's 0.49%. This trend of outperformance continues over the past month and year, indicating strong investor confidence relative to the benchmark. The stock's year-to-date return of 10.78% is also slightly below the Sensex's 8.50%, but the long-term performance is striking, with a 314.23% return over three years and an impressive 514.44% over five years. Overall, the combination of strong short-term gains, positive trading indicators, and robust historical performance contributes to the rising stock price of Classic Filaments Ltd.