Why is Globe Intl. Car. falling/rising?

As of 18-Sep, Globe International Carriers Ltd is experiencing a price increase, with its current price at Rs. 139.60, reflecting a rise of Rs. 12.05 or 9.45%. The stock has reached a new 52-week and all-time high of Rs. 146.5 today, indicating strong upward momentum. It has outperformed its sector by 9.51% and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 157.01% against the 5-day average. This suggests a positive sentiment among investors, although there is no specific positive or negative dashboard data available to further explain these movements.
Broader market context shows that Globe International Carriers Ltd has significantly outperformed the benchmark Sensex in various time frames. Over the past week, the stock has risen by 12.76%, compared to the Sensex's increase of only 1.67%. In the last month, the stock's return of 18.31% also surpasses the Sensex's 2.20%. Year-to-date, Globe has achieved a remarkable return of 42.74%, while the Sensex has only gained 7.52%. This strong performance relative to the benchmark indicates robust investor confidence and market interest in Globe International Carriers Ltd, contributing to its rising stock price.