Why is Gayatri Sugars falling/rising?

As of 06-Oct, Gayatri Sugars Ltd is experiencing a price increase, currently at Rs 14.76, reflecting a rise of 1.23 or 9.09%. The stock has shown strong performance today, outperforming its sector by 9.34% and achieving a consecutive gain over the last seven days, with a total return of 39.11% during this period. Despite opening with a loss of 2.29%, the stock reached an intraday high of Rs 14.88, indicating significant volatility with a wide trading range of Rs 1.66. Additionally, Gayatri Sugars is trading above its moving averages across various time frames, suggesting a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 46.3% compared to the five-day average, which could indicate some caution among investors.
In the broader market context, Gayatri Sugars has significantly outperformed the benchmark Sensex in the short term, with a one-week return of 22.69% compared to the Sensex's 1.77%. Over the last month, the stock has also outperformed the benchmark, achieving a return of 24.14% against the Sensex's 1.34%. This strong performance relative to the market may be contributing to the stock's upward movement, despite the recent drop in delivery volume suggesting some potential concerns among investors. Overall, the combination of strong recent returns and a positive trend in moving averages supports the stock's rising price.