Why is Glance Finance falling/rising?

As of 03-Nov, Glance Finance Ltd's stock price is rising, currently at 226.00, reflecting an increase of 16.0, or 7.62%. The stock has shown strong performance today, opening with a gain of 7.62% and reaching an intraday high of Rs 226. It has consistently traded at this price throughout the day. Additionally, Glance Finance has outperformed its sector by 6.88%. Over the past week, the stock has increased by 8.86%, and year-to-date, it has risen by 15.39%. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 47.33% compared to the 5-day average.
In the broader market context, Glance Finance's recent performance stands in stark contrast to the Sensex, which has declined by 0.94% over the past week. This indicates that while the overall market may be facing challenges, Glance Finance is experiencing significant upward momentum. The stock's year-on-year return of 62.59% further highlights its strong performance relative to the benchmark, which has only increased by 5.34% in the same period. Overall, the combination of positive stock-specific factors and the stock's ability to outperform the broader market contributes to the rising price of Glance Finance Ltd.