Why is Grand Oak Canyon falling/rising?

As of 26-Sep, Grand Oak Canyons Distillery Ltd is experiencing a price increase, with its current price at Rs 50.34, reflecting a rise of Rs 2.39 or 4.98%. The stock has been on an upward trend, gaining for the last seven days and achieving a remarkable 40.61% return during this period. It opened today with a gain of 4.98% and has maintained this price throughout the trading session. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, it is worth noting that investor participation has decreased, with delivery volume falling by 78.79% compared to the 5-day average, which could suggest a potential concern for future price stability.
In the broader market context, Grand Oak Canyons Distillery's performance has significantly outpaced the benchmark Sensex, which has declined by 2.66% over the past week while the stock has surged by 27.57%. This stark contrast highlights the stock's strong relative strength in a generally declining market. Furthermore, over the past month, the stock has increased by 74.25%, while the Sensex has remained nearly flat with a decline of 0.45%. This indicates that despite the broader market challenges, Grand Oak Canyons Distillery is attracting investor interest, contributing to its rising stock price.