Why is Energy Devl.Co. falling/rising?

As of 17-Nov, Energy Development Company Ltd's stock price is rising, currently at Rs 22.17, reflecting an increase of Rs 2.99 or 15.59%. The stock has shown strong performance today, outperforming its sector by 15.25% and opening with a significant gain of 9.44%. It reached an intraday high of Rs 22.6, marking a 17.83% increase. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The recent increase in investor participation, with delivery volume rising by 122.79% against the 5-day average, further supports the stock's upward movement. However, there is no information available regarding positive or negative factors that could impact the stock.
Broader Market Context: In the short term, Energy Development Company Ltd has outperformed the benchmark Sensex, with a 1-week return of +16.62% compared to the Sensex's +1.69%. This trend of outperformance is notable, especially given the stock's year-to-date performance of -19.93% against the Sensex's +8.72%. The stock's strong performance today, coupled with its positive short-term returns relative to the benchmark, suggests a favorable sentiment among investors, contributing to its rising price.