Why is GSL Securities falling/rising?

As of 11-Nov, GSL Securities Ltd is experiencing a price increase, currently at Rs 49.25, reflecting a rise of Rs 1.1 or 2.28%. The stock has shown strong performance recently, with a consecutive gain over the last two days and a notable increase of 7.25% in the past week. Today, it opened with a significant gap up of 4.88% and reached an intraday high of Rs 50.55. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. The rising investor participation is also noteworthy, with delivery volume increasing by 1595% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, GSL Securities has significantly outperformed the benchmark Sensex, which only increased by 0.49% over the past week. The stock's year-to-date return of 80.40% and a remarkable 151.28% increase over the past year further highlight its strong performance relative to the market, where the Sensex has only gained 7.34% in the same timeframe. This outperformance, combined with the stock's recent gains and increased trading volume, indicates a positive sentiment among investors, contributing to the upward movement in GSL Securities' stock price.