Why is Corporate Merch falling/rising?

As of 28-Oct, Corporate Merchant Bankers Ltd is experiencing a price increase, with its current price at Rs. 273.70, reflecting a rise of 5.35 (1.99%). The stock has recently hit a new 52-week and all-time high, and it has been on an upward trend, gaining for the last five consecutive days with a total return of 10.39% during this period. Additionally, the stock has significantly outperformed its sector by 2.25%. Over the past week, it has shown a remarkable return of 8.22%, and year-to-date, it has surged by an extraordinary 1545.82%. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. There is no information available regarding any positive or negative factors that could influence the stock's movement.
Broader Market Context: In comparison to the benchmark Sensex, which has only increased by 0.24% over the past week, Corporate Merchant Bankers Ltd's performance stands out significantly. The stock's impressive returns of 8.22% over the last week and 1545.82% year-to-date highlight its strong performance relative to the broader market, which has seen much more modest gains of 5.22% over the past month and 8.30% year-to-date. This stark contrast suggests that the stock is currently in a favorable position compared to the overall market trends.