Why is Goldkart Jewels falling/rising?

As of 09-Sep, Goldkart Jewels Ltd is experiencing a price increase, currently trading at Rs 233.00, which reflects a rise of Rs 9.0 or 4.02%. The stock has shown strong performance, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, it is close to its 52-week high, just 1.72% away from Rs 237. The stock has outperformed its sector by 4.67% today, and there has been a significant increase in investor participation, with delivery volume rising by 697.62% compared to the 5-day average. The stock's returns have been impressive over various periods, including a 51.54% increase over the past year and a staggering 1065.00% over the last three years.
In the broader market context, Goldkart Jewels has outperformed the benchmark Sensex, which has only increased by 1.18% over the past week and 2.07% over the past month, while Goldkart has gained 3.56% and 13.94%, respectively. Year-to-date, Goldkart's return of 13.71% also surpasses the Sensex's 5.18%. This strong performance relative to the benchmark indicates robust investor confidence in Goldkart Jewels, contributing to its rising stock price. Overall, the combination of positive stock-specific factors and favorable comparisons to the broader market has led to the stock's upward movement.