Why is Gagan Gases falling/rising?

As of 06-Nov, Gagan Gases Ltd's stock price is currently at Rs 25.65, reflecting an increase of Rs 1.42 or 5.86%. The stock has shown strong performance today, outperforming its sector by 8.05% and achieving a consecutive gain over the last two days with an overall return of 8.87% during this period. It reached an intraday high of Rs 25.95, indicating positive momentum, although it also experienced significant volatility with a wide trading range of Rs 2.94. The stock's performance over the past week and month has been positive, with returns of 2.64% and 2.97%, respectively, while it has outperformed the benchmark Sensex in both the 1Y and 3Y periods. However, there has been a decline in investor participation, as indicated by a 12.79% drop in delivery volume against the 5-day average.
Broader market context shows that while Gagan Gases has been rising, the broader industrial gases and fuels sector has declined by 2.17%. In the short term, the stock's performance contrasts sharply with the Sensex, which has fallen by 1.30% over the past week. This divergence suggests that Gagan Gases is gaining traction despite broader market challenges, highlighting its relative strength. The stock's liquidity remains adequate for trading, which may also contribute to its recent price increase.