Why is Globe Intl. Car. falling/rising?

As of 22-Sep, Globe International Carriers Ltd is experiencing a price increase, with its current price at Rs. 149.90, reflecting a rise of Rs. 3.25 or 2.22%. The stock has recently hit a new 52-week and all-time high of Rs. 151.2. It has outperformed its sector by 3.04% 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 delivery volume rising by 12.85% against the 5-day average. The stock's performance over various periods shows significant gains, including a 1-year return of 108.48% compared to a decline of 2.28% in the Sensex.
In the broader market context, Globe International Carriers Ltd's short-term performance has significantly outpaced the benchmark, with a 1-week return of 24.71% compared to the Sensex's 0.53%. This strong performance indicates robust investor confidence, likely driven by the company's positive momentum and liquidity, as evidenced by its trading volume. The absence of any negative factors in the provided data suggests that there are no immediate concerns impacting the stock's upward trajectory. Overall, the combination of strong returns, high trading volumes, and favorable moving averages contributes to the stock's rising price.