Why is Evans Electric falling/rising?

As of 22-Jul, Evans Electric Ltd's stock price is rising, currently at Rs 178.50, reflecting an increase of Rs 8.5 or 5.0%. The stock has outperformed its sector today by 5.23%, reaching an intraday high of Rs 178.5. However, there has been a notable decline in investor participation, with delivery volume dropping by 88.89% compared to the 5-day average. In terms of returns, the stock has shown a strong performance over the long term, with a 1-year increase of 26.30% and an impressive 3-year increase of 750.00%, although it has faced challenges in the short term with a 1-month decline of 4.24%.
Broader Market Context: In the context of the benchmark, the Sensex has experienced a slight decline of 0.27% over the past month, while Evans Electric's performance has been more volatile, indicating a stronger relative performance in the short term. The stock's current rise contrasts with the benchmark's recent struggles, suggesting that specific factors related to Evans Electric may be driving investor interest despite broader market conditions.