Why is Corporate Merch falling/rising?

As of 22-Sep, Corporate Merchant Bankers Ltd is experiencing a price increase, currently at Rs. 174.00, reflecting a rise of Rs. 3.4 or 1.99%. The stock has reached 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 1.57%. It is trading above all key moving averages, indicating strong upward momentum. The delivery volume has also surged significantly, with a 10400% increase compared to the 5-day average, suggesting rising investor participation and confidence in the stock.
In the broader market context, Corporate Merchant Bankers Ltd has shown impressive returns compared to the Sensex, with a 10.34% increase over the past week and a staggering 48.11% rise over the past month, while the Sensex has only gained 0.46% and 1.05% respectively during those periods. Year-to-date, the stock has skyrocketed by 946.30%, significantly outperforming the Sensex's 5.15% increase. This strong performance relative to the benchmark indicates that investor sentiment remains highly positive towards Corporate Merchant Bankers Ltd, contributing to its rising stock price.