Why is GRM Overseas falling/rising?

As of 15-Jul, GRM Overseas Ltd's stock price is rising, currently at Rs. 391.35, reflecting an increase of Rs. 7.4 or 1.93%. The stock has recently hit a new 52-week high and has outperformed its sector by 0.68%. Over the last two days, it has gained a total of 3.68%. The stock has shown impressive returns, with an 83.82% increase over the past year, significantly outperforming the broader market, which has only seen a 0.37% return. However, there has been a notable decline in investor participation, with delivery volume dropping by 44.91% compared to the five-day average.
In the broader market context, GRM Overseas has demonstrated strong short-term performance, with a 2.72% increase over the past week, while the benchmark Sensex has decreased by 1.36%. This contrast highlights the stock's resilience and ability to attract investor interest despite a challenging market environment. The stock's performance is further bolstered by its consistent trading above various moving averages, indicating a strong upward trend. Overall, the combination of exceptional returns and market-beating performance contributes to the stock's rising price.