Why is Dharani Finance falling/rising?

As of 24-Oct, Dharani Finance Ltd is experiencing a price increase, currently at 15.75, reflecting a change of 0.75 or 5.0% upward. The stock has outperformed its sector by 5.28% today and has shown a strong performance over the last three days, gaining 11.23%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The stock has also seen a significant rise in delivery volume, which increased by 940.82% compared to the 5-day average, suggesting heightened investor interest. The performance metrics over various periods highlight a robust upward trend, with a year-to-date return of 30.17% and an impressive 93.25% increase over the past year.
In the broader market context, Dharani Finance's recent performance stands in stark contrast to the Sensex, which has only risen by 0.31% over the past week and 3.05% over the past month. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the overall market. The significant outperformance in both short-term and long-term returns compared to the benchmark reinforces the positive sentiment surrounding Dharani Finance. Overall, the combination of strong stock-specific factors and favorable market conditions contributes to the rising price of Dharani Finance Ltd.