Why is Graphite India falling/rising?

As of 19-Sep, Graphite India Ltd. is experiencing a rise in its stock price, currently at Rs 570.10, reflecting an increase of Rs 4.25 or 0.75%. The stock has been gaining for the last six days, with a notable return of 9.39% during this period. It has also reached an intraday high of Rs 577.45, indicating strong upward momentum. Additionally, Graphite India is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. The company has a low debt-to-equity ratio, which is favorable and may contribute to investor confidence. Furthermore, there has been a significant increase in delivery volume, rising by 135.28% compared to the 5-day average, indicating heightened investor participation.
In the broader market context, Graphite India's short-term performance over the past week shows a return of 6.82%, significantly outperforming the Sensex, which has only increased by 0.88% during the same period. While the stock has underperformed the benchmark on a year-to-date basis, it has shown strong performance over the last three years, with a return of 49.20% compared to the Sensex's 39.71%. This relative strength in the stock's performance, combined with the positive factors such as rising investor participation and favorable moving averages, suggests that the stock is currently in a strong position compared to the broader market.