Why is Graphite India falling/rising?

As of 29-Oct, Graphite India Ltd. is experiencing a significant rise in its stock price, currently at Rs. 631.50, reflecting an increase of Rs. 41.65 or 7.06%. The stock has recently hit a new 52-week high of Rs. 638.65 and has shown strong performance, gaining 13.6% over the last four days. It has outperformed its sector by 1.95% today and is trading above all key moving averages, indicating a strong upward trend. Additionally, the stock has demonstrated impressive returns over various periods, including a 24.25% increase over the past year and a remarkable 259.32% over the last five years. The increasing participation of institutional investors, who have raised their stake by 1.1%, further supports the stock's positive momentum.
In the broader market context, Graphite India's short-term performance significantly outpaces the benchmark, with a 13.48% gain over the past week compared to the Sensex's 0.68% increase. This trend of outperformance is consistent across multiple time frames, showcasing the stock's resilience and attractiveness to investors. The overall market sentiment appears favorable, particularly within the Electrodes & Welding Equipment sector, which has gained 5.1%. The substantial rise in delivery volume, up 675.4% against the five-day average, indicates heightened investor interest and confidence in the stock, contributing to its upward trajectory.