Why is Evans Electric falling/rising?

As of 18-Sep, Evans Electric Ltd is experiencing a price increase, with its current price at Rs 171.95, reflecting a rise of 5.0 or 2.99%. The stock has shown strong performance today, outperforming its sector by 3.75% and has been on a consecutive gain streak for the last five days, accumulating a total return of 7.47% during this period. Additionally, the stock's performance over the past year has been positive, with a return of 12.39%, despite a year-to-date decline of 4.55%. The stock is currently trading above its 5-day, 20-day, 100-day, and 200-day moving averages, although it remains below the 50-day moving average. Rising investor participation is evident, with a significant increase in delivery volume, which has risen by 125% compared to the 5-day average.
In the broader market context, the stock's short-term return of 7.47% over the past week significantly outpaces the Sensex's return of 1.80% for the same period. This indicates that Evans Electric is performing well relative to the overall market. The stock's liquidity is also favorable, as it is liquid enough for trading sizes of Rs 0 crore based on 2% of the 5-day average traded value. Overall, the combination of strong recent performance, increased investor interest, and favorable comparisons to the benchmark suggests a positive sentiment surrounding Evans Electric Ltd at this time.