Why is GSL Securities falling/rising?

As of 07-Aug, GSL Securities Ltd is experiencing a price increase, currently at Rs. 58.29, which reflects a rise of 2.77 or 4.99%. The stock has been on an upward trend, gaining for the last 11 days and achieving a remarkable 66.54% return during this period. Today, it opened with a gain of 4.99% and reached an intraday high of Rs. 58.29, marking a new 52-week and all-time high. Additionally, the stock has significantly outperformed the sector by 4.77%. Over various time frames, GSL Securities has shown impressive returns, including a year-to-date increase of 113.52% and a one-year return of 195.59%. However, it is worth noting that there has been a slight decline in investor participation, with delivery volume decreasing by 1.56% against the five-day average.
In the broader market context, GSL Securities has outperformed the benchmark Sensex, which has seen a slight decline of 0.69% over the past week and a drop of 3.38% over the past month. This stark contrast highlights the strength of GSL Securities' performance relative to the overall market. The stock's ability to maintain trading above its moving averages further supports its bullish trend, indicating strong investor confidence despite the recent dip in delivery volume. Overall, the combination of strong returns, consistent upward movement, and relative outperformance against the benchmark contributes to the stock's rising price.