Why is Felix Industries falling/rising?

As of 24-Jul, Felix Industries Ltd is experiencing a price increase, currently at 186.95, reflecting a rise of 4.25 or 2.33%. The stock has shown strong performance today, outperforming its sector by 3.24%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 7.26% compared to the 5-day average. In terms of returns, the stock has increased by 7.23% over the past week and 10.39% over the past month, while it has a year-to-date return of 2.19%, contrasting with a significant decline of 36.54% over the past year.
In the broader market context, while Felix Industries has shown strong short-term returns, the benchmark Sensex has slightly declined by 0.20% over the past week and increased only by 0.07% over the past month. This indicates that Felix Industries is outperforming the benchmark in the short term, which may contribute to the positive sentiment around the stock. However, it is important to note that the stock's year-to-date performance is lagging behind the Sensex's return of 5.99%, suggesting that while recent movements are positive, the stock has faced significant challenges over a longer period.