Why is Globe Intl. Car. falling/rising?

As of 14-Jul, Globe International Carriers Ltd is experiencing a price increase, with its current price at Rs 124.40, reflecting a rise of Rs 2.4 or 1.97%. The stock has shown strong performance, being 4.34% away from its 52-week high of Rs 129.8. It has outperformed its sector by 1.5% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with a delivery volume of 61.5k on July 11, which is up by 12.64% compared to the 5-day average. The stock has also demonstrated impressive returns over various periods, including a 27.20% increase year-to-date and a remarkable 103.77% rise over the past year.
In the broader market context, Globe International Carriers Ltd has significantly outperformed the Sensex, which has declined by 1.49% over the past week while the stock has risen by 2.81%. Over the past month, the stock has increased by 16.26%, contrasting with the Sensex's modest gain of 1.47%. This strong performance relative to the benchmark indicates robust investor confidence and market interest in the company, contributing to its rising stock price. Overall, the combination of positive stock-specific factors and favorable comparisons to the broader market supports the upward movement of Globe International Carriers Ltd's stock.