Why is Garnet Construct falling/rising?

As of 14-Nov, Garnet Construction Ltd's stock price is currently at Rs 69.60, reflecting an increase of Rs 6.18 or 9.74%. The stock has shown strong performance today, outperforming its sector by 9.65% and has been on a consecutive gain streak for the last three days, accumulating a total return of 16.23% during this period. It opened with a gain of 2.4% and reached an intraday high of Rs 69.7, although it also experienced a low of Rs 60.25. The stock is trading above its moving averages across various time frames, indicating a bullish trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 23.57% compared to the five-day average, which suggests growing confidence among investors.
In the broader market context, Garnet Construction's one-week return of 7.99% significantly outpaces the Sensex's return of 1.62%, indicating that the stock is performing well relative to the benchmark. Over the past month, the stock has gained 19.30%, compared to the Sensex's 3.09%, further highlighting its strong momentum. The stock's year-to-date performance of 86.60% also surpasses the Sensex's 8.22%, reinforcing the positive sentiment surrounding Garnet Construction. Overall, the combination of strong recent performance, increased investor interest, and favorable comparisons to the benchmark contributes to the stock's rising price.