Why is Corporate Merch falling/rising?

As of 03-Nov, Corporate Merchant Bankers Ltd is experiencing a price increase, currently at Rs. 296.15, which reflects a rise of Rs. 5.8 or 2.0%. The stock has shown strong performance, gaining 19.44% over the last nine days and outperforming its sector by 1.26% today. It reached a new 52-week and all-time high of Rs. 296.15, opening with a 2% gain. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
Broader Market Context: In comparison to the benchmark Sensex, Corporate Merchant Bankers Ltd has significantly outperformed in the short term, with a 1-week return of +10.36% against the Sensex's -0.94%. Over the past month, the stock has risen by 45.46%, while the Sensex has only increased by 3.41%. This stark contrast highlights the stock's strong performance relative to the broader market, contributing to its rising price.