Why is Grill Splendour falling/rising?

As of 04-Jul, Grill Splendour Services Ltd is experiencing a price increase, currently at Rs. 127.95, which reflects a rise of 6.05 or 4.96%. The stock has reached a new 52-week high today and has outperformed its sector by 4.81%. Additionally, Grill Splendour is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The stock has also seen a significant increase in investor participation, with delivery volume rising by 84.78% compared to the 5-day average. The stock's performance over various periods shows impressive returns, including a 19.47% increase over the past week and a 62.06% increase over the past year, significantly outpacing the Sensex's returns.
In the broader market context, while the Sensex has seen a slight decline of 0.69% over the past week, Grill Splendour's strong performance stands out, highlighting its resilience and attractiveness to investors. The stock's year-to-date return of 53.97% also contrasts sharply with the Sensex's 7.68% increase, further emphasizing its relative strength in the market. Overall, the combination of positive price movements, strong investor interest, and substantial outperformance against the benchmark suggests that Grill Splendour is currently benefiting from favorable market conditions and investor sentiment.