Why is Goenka Diamond falling/rising?

As of 15-Oct, Goenka Diamond & Jewels Ltd is experiencing a price increase, with its current price at 1.14, reflecting a change of 0.05 or 4.59% upward. The stock has shown strong performance recently, outperforming its sector by 4.26% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 40.28% compared to the 5-day average. The stock's performance over the past week shows a return of +14.00%, while it has gained +16.33% over the past month, suggesting a positive momentum despite a year-to-date return of 0.00%.
In the broader market context, Goenka Diamond's short-term performance significantly outpaces the Sensex, which has only increased by 1.02% over the past week and 1.00% over the past month. This indicates that the stock is gaining traction relative to the overall market. However, it is important to note that the stock has underperformed over the longer term, with a 1-year return of -10.94% and a 3-year return of -34.86%, contrasting sharply with the Sensex's positive returns in those periods. The lack of specific positive or negative factors in the dashboard does not detract from the stock's current upward movement, which appears to be driven by strong trading activity and positive short-term returns.