Why is Guj Apollo Inds falling/rising?

As of 13-Aug, Gujarat Apollo Industries Ltd is experiencing a price increase, currently at 455.00, which reflects a change of 31.0 or 7.31% upward. The stock has shown a notable performance today, having outperformed its sector by 6.44% and marking a trend reversal after eight consecutive days of decline. It reached an intraday high of Rs 486, representing a significant gain of 14.62%. Over the past month, the stock has appreciated by 22.59%, while year-to-date, it has risen by 40.17%. However, there has been a decline in investor participation, with delivery volume falling by 31.9% against the five-day average, indicating a potential concern for future trading activity.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.01% over the past week, Gujarat Apollo Industries Ltd's short-term performance has been relatively strong, suggesting that the stock is gaining traction despite broader market challenges. The stock's performance over the last year shows a substantial increase of 74.93%, while the Sensex has only increased by 2.01%, highlighting the stock's resilience and attractiveness to investors. Overall, the combination of a recent price surge, positive short-term returns, and a significant year-to-date performance contributes to the stock's rising trend.