Why is Grill Splendour falling/rising?

As of 01-Jul, Grill Splendour Services Ltd is experiencing a price increase, currently at 112.00, reflecting a rise of 4.3 or 3.99%. The stock has shown strong performance today, outperforming its sector by 3.83%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has also seen a significant increase in investor participation, with delivery volume rising by 150% against the 5-day average. Year-to-date, the stock has gained 34.78%, and over the past year, it has appreciated by 45.45%, showcasing its strong performance relative to the benchmark Sensex, which has only increased by 8.02% during the same period.
In the broader market context, Grill Splendour's short-term return of 9.80% over the past week significantly outpaces the Sensex's return of 1.99%, highlighting the stock's strong momentum compared to the overall market. This outperformance, combined with rising investor interest and liquidity, suggests a favorable sentiment towards the stock. However, it is worth noting that the stock has experienced a decline of 4.27% over the past month, which contrasts with the Sensex's gain of 3.20%, indicating some volatility in the short term. Overall, the current upward movement can be attributed to strong investor engagement and positive technical indicators, despite the recent monthly decline.