Why is Evans Electric falling/rising?

As of 23-Oct, Evans Electric Ltd is experiencing a price increase, currently at Rs 165.00, which reflects a rise of 4.6 or 2.87%. The stock has shown positive momentum, having gained for the last two days with a total return of 3.45% during this period. It opened today with a gain of 2.84% and reached an intraday high of Rs 165. The stock has outperformed its sector by 3.27% today, and there has been a notable increase in investor participation, with delivery volume rising by 89.66% compared to the 5-day average. While the stock is currently above its 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, Evans Electric's short-term performance over the past week shows a return of +7.77%, significantly outperforming the Sensex, which has only increased by +1.30% during the same period. However, over the past month, the stock has declined by 1.79%, while the Sensex has risen by 2.99%. Year-to-date, Evans Electric has underperformed with a return of -8.41% compared to the Sensex's +8.21%. Despite these mixed results over longer periods, the recent gains indicate a positive shift in investor sentiment and trading activity, contributing to the stock's upward movement.