Why is Evans Electric falling/rising?

As of 27-Jun, Evans Electric Ltd is experiencing a price increase, currently at Rs 237.70, which reflects a rise of 11.3 points or 4.99%. The stock has shown strong performance recently, gaining 28.7% over the last six days and outperforming its sector by 5.61% today. Additionally, it opened with a gain of 3.71% and reached an intraday high of Rs 237.70. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 158.93% compared to the 5-day average, contributing positively to the stock's momentum. There are no negative factors reported that could impact the stock's recent movement.
Broader market context shows that Evans Electric has significantly outperformed the benchmark Sensex, with a 1-week return of 27.52% compared to the Sensex's 2.00%, and a 1-month return of 81.24% against the Sensex's 3.07%. This trend of outperformance is consistent across longer periods as well, with the stock showing a year-to-date return of 31.95% versus the Sensex's 7.58%. The substantial difference in returns highlights strong investor confidence in Evans Electric, further supporting the stock's rising price.