Why is GSL Securities falling/rising?

As of 04-Aug, GSL Securities Ltd is experiencing a price increase, currently at Rs. 50.37, which reflects a rise of 2.39 or 4.98%. The stock has been on an upward trend, gaining for the last eight days and achieving a remarkable 43.91% return during this period. It has also reached a new 52-week and all-time high today. Additionally, GSL Securities is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The delivery volume has significantly increased, rising by 131.27% against the 5-day average, suggesting heightened investor interest and participation.
In the broader market context, GSL Securities has outperformed the Sensex, which has only increased by 0.16% over the past week, while GSL Securities has surged by 27.04%. Over the past month, the stock has also shown resilience with a 25.02% gain, contrasting with a decline of 2.89% in the benchmark index. This strong performance relative to the market indicates that investor sentiment towards GSL Securities remains positive, contributing to its rising stock price.