Why is Globe Intl. Car. falling/rising?

As of 23-Sep, Globe International Carriers Ltd is experiencing a price increase, with the current price at Rs. 153.85, reflecting a rise of Rs. 3.95 or 2.64%. The stock has recently hit a new 52-week and all-time high of Rs. 164.95. Today's performance indicates that it has outperformed its sector by 2.47%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting strong upward momentum. The delivery volume has also seen a significant rise of 50.86% compared to the 5-day average, indicating increased investor participation. The stock has shown impressive returns over various periods, including a 57.31% increase year-to-date and a remarkable 108.19% rise over the past year.
In the broader market context, Globe International Carriers Ltd has significantly outperformed the Sensex, which has shown a decline of 0.28% over the past week while the stock surged by 26.11%. Over the last month, the stock's return of 29.89% also surpasses the Sensex's modest gain of 1.20%. This strong performance relative to the benchmark reflects positive investor sentiment and confidence in the company, contributing to its rising stock price. Overall, the combination of strong performance metrics, increased trading activity, and favorable comparisons to the broader market supports the upward movement of Globe International Carriers Ltd's stock.