Why is Garware Marine falling/rising?

As of 03-Nov, Garware Marine Industries Ltd is experiencing a price increase, currently at Rs 31.55, which reflects a rise of 1.5 or 4.99%. The stock has shown strong performance today, outperforming its sector by 4.89% and has been on a consecutive gain streak for the last two days, accumulating a total return of 8.34% during this period. Additionally, the stock opened with a significant gain of 4.79% and reached an intraday high of Rs 31.55. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 10.86% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Garware Marine's short-term performance over the past week has been impressive, with a return of +13.94%, contrasting sharply with the Sensex, which has declined by 0.94% during the same period. While the stock has shown positive returns over the last month (+7.42%) compared to the Sensex (+3.41%), it has underperformed year-to-date with a modest gain of +0.22% against the benchmark's +7.47%. This divergence highlights the stock's recent strength in a challenging market environment, further supported by its liquidity, which is adequate for trading. The absence of any negative factors in the provided data suggests that the stock's upward momentum is likely being driven by positive sentiment and strong trading activity.