Why is Corporate Merch falling/rising?

As of 14-Jul, Corporate Merchant Bankers Ltd is experiencing a price increase, with its current price at Rs. 74.59, reflecting a rise of Rs. 1.46 or 2.0%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 8.21% over the past week. Today, it reached a new 52-week and all-time high of Rs. 74.59, opening with a 2% gain. The stock is also performing well against its sector, outperforming it by 1.92%. Additionally, it is trading above its moving averages across various time frames, indicating strong momentum. There is no information available regarding positive or negative factors that could influence the stock's movement.
In the broader market context, Corporate Merchant Bankers Ltd has significantly outperformed the Sensex, which has declined by 1.42% over the past week while the stock itself has risen by 8.21%. This stark contrast highlights the stock's strong performance relative to the benchmark. Over the past month, the stock has increased by 29.23%, while the Sensex has only risen by 1.40%, further emphasizing its robust growth trajectory. Overall, the stock's consistent gains and strong relative performance suggest positive investor sentiment, contributing to its rising price.