Why is Graphite India falling/rising?

As of 23-Sep, Graphite India Ltd. is experiencing a rise in its stock price, currently at Rs 572.40, reflecting an increase of Rs 3.3 or 0.58%. The stock has shown strong performance recently, outperforming its sector by 0.28% today and reaching an intraday high of Rs 583.2, which is a 2.48% increase. Over the past week, the stock has gained 5.12%, while it has risen 6.71% over the past month. Additionally, Graphite India is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company maintains a low Debt to Equity ratio, which is favorable for its financial health, although there has been a notable decline in investor participation, with delivery volume down by 42.03% compared to the 5-day average.
In the broader market context, the stock's short-term performance has significantly outpaced the Sensex, which has declined by 0.34% over the past week. While Graphite India has shown a year-to-date return of 1.58%, the Sensex has performed better with a 5.07% increase. Despite a negative return of 2.49% over the past year compared to the Sensex's decline of 3.33%, the stock's strong performance over the last three and five years, with returns of 55.37% and 240.71% respectively, indicates a solid long-term growth trajectory. Overall, the combination of positive short-term performance, favorable moving averages, and a healthy financial structure contributes to the stock's rising price.