Why is Global Pet Indus falling/rising?

As of 31-Oct, Global Pet Industries Ltd is experiencing a price increase, currently at 153.10, which reflects a rise of 8.6 or 5.95%. The stock has recently hit a new 52-week and all-time high of Rs. 159.7. It has outperformed its sector by 6.25% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 87.5% compared to the 5-day average. The stock has shown strong performance over various periods, with a year-to-date return of 37.93% compared to the Sensex's 8.79%, indicating robust investor confidence.
In the broader market context, while the Sensex has seen a slight decline of 0.28% over the past week, Global Pet Industries has risen by 8.20%, showcasing its strong relative performance. Over the last month, the stock's return of 16.87% significantly outpaces the Sensex's 3.57%, further emphasizing its strength in the current market environment. The liquidity of the stock is also favorable, as it is liquid enough for trading sizes, which can attract more investors. Overall, the combination of strong performance metrics, increased investor interest, and favorable trading conditions contributes to the stock's upward movement.