Why is Grill Splendour falling/rising?

As of 10-Jul, Grill Splendour Services Ltd is experiencing a price increase, with its current price at Rs. 134.00, reflecting a rise of Rs. 3.3 or 2.52%. The stock has recently hit a new 52-week high and is outperforming its sector by 2.73%. 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 42.86% against the 5-day average. The stock's performance over the past week shows a return of +9.93%, while it has gained +14.14% over the past month and an impressive +61.25% year-to-date.
In the broader market context, while Grill Splendour has shown remarkable growth, the Sensex has only increased by 1.00% over the past month and is down 0.20% over the past week, highlighting the stock's strong relative performance. Year-to-date, Grill Splendour has outperformed the Sensex significantly, with a return of +61.25% compared to the Sensex's +7.23%. This divergence suggests that Grill Splendour is gaining traction among investors, likely due to its robust performance metrics and rising liquidity, which further supports its upward price movement.