Why is GRM Overseas falling/rising?

As of 09-Jul, GRM Overseas Ltd's stock price is rising, currently at Rs. 382.95, reflecting an increase of 1.95 (0.51%). The stock has recently achieved a new 52-week high of Rs. 388.5 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 5.60%, and in the last month, it has surged by 24.03%, significantly outperforming the benchmark Sensex, which has only increased by 0.15%. The stock's impressive performance is further highlighted by a remarkable 78.37% return over the past year, well above the market's average return of 1.43%. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 69.38% compared to the 5-day average.
In the broader market context, GRM Overseas has demonstrated strong short-term performance relative to the benchmark, with a 5.60% increase over the past week compared to the Sensex's modest gain of 0.15%. This outperformance indicates robust investor confidence in the stock, despite it underperforming its sector by 1.19% today. The liquidity of the stock remains healthy, allowing for significant trading activity, which may contribute to its upward price movement. Overall, the combination of strong historical returns, positive investor sentiment, and favorable trading conditions supports the stock's rising trajectory.