Why is Gayatri Highways falling/rising?

As of 07-Aug, Gayatri Highways Ltd is experiencing a price increase, currently at Rs. 2.25, which reflects a rise of 0.04 or 1.81%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 16 days with a total return of 27.84% during this period. Additionally, the stock has significantly outperformed its sector by 1.66%. Over the past week, Gayatri Highways has shown a remarkable return of 9.76%, and its performance over one month stands at an impressive 64.23%. The stock is also trading above all key moving averages, indicating strong momentum. Furthermore, rising investor participation is evident with a notable increase in delivery volume, which has risen by 48.78% compared to the 5-day average.
In the broader market context, while Gayatri Highways has been thriving, the benchmark Sensex has seen a decline of 0.69% over the past week and a drop of 3.38% over the last month. This stark contrast highlights the stock's robust performance relative to the overall market. The year-to-date return of Gayatri Highways at 55.17% also surpasses the Sensex's modest gain of 3.18%, further emphasizing its strength in a challenging market environment. Overall, the combination of strong stock-specific factors and the stock's ability to outperform the benchmark suggests a positive sentiment among investors, contributing to its rising price.