Why is Esaar (India) falling/rising?

As of 15-Oct, Esaar (India) Ltd is experiencing a price increase, currently at 15.76, reflecting a change of 0.3 or 1.94% upward. The stock has shown strong performance, gaining 28.65% over the last 13 consecutive days. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Additionally, the stock has outperformed the benchmark Sensex significantly, with year-to-date returns of 162.67% compared to the Sensex's 5.72%. The rising investor participation is evident with a delivery volume increase of 9.14% against the 5-day average, contributing positively to the stock's recent upward movement. There are no negative factors reported that could impact the stock's performance.
In the broader market context, Esaar (India) has outperformed the Sensex in both the short and long term, with a weekly return of 10.21% compared to the Sensex's 1.02%. This trend of outperformance has been consistent, as seen in the monthly and yearly returns as well. The finance/NBFC sector, in which Esaar operates, has also gained by 2.24%, further supporting the stock's rise. Overall, the combination of strong stock-specific performance and favorable sector conditions has contributed to the upward movement of Esaar (India) Ltd's stock price.