Why is Corporate Merch falling/rising?

As of 19-Sep, Corporate Merchant Bankers Ltd is experiencing a price increase, with its current price at Rs. 170.60, reflecting a rise of Rs. 3.3 or 1.97%. The stock has hit a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 21 days, accumulating a remarkable 51.07% return during this period. Additionally, the stock has outperformed its sector by 2.12%. In terms of returns compared to benchmarks, the stock has shown impressive performance with a year-to-date increase of 925.86%, significantly outpacing the Sensex's 5.74% gain. The stock is also trading above its moving averages across various time frames, indicating strong upward momentum. There are no positive or negative factors explicitly mentioned, but the overall performance suggests a favorable market sentiment towards the stock.
Broader Market Context: In the short term, Corporate Merchant Bankers Ltd has outperformed the Sensex, which has only increased by 0.88% over the past week compared to the stock's 10.31% rise. This substantial outperformance highlights the stock's strength relative to the broader market. Furthermore, the stock's year-to-date performance of 925.86% contrasts sharply with the Sensex's modest gain, reinforcing the notion that investor interest and confidence in Corporate Merchant Bankers Ltd are driving its price higher amidst a generally stable market environment.