Why is Guj Apollo Inds falling/rising?

As of 23-Sep, Gujarat Apollo Industries Ltd is experiencing a price increase, currently at Rs 506.90, reflecting a change of 4.05 (0.81%) upward. The stock has shown a strong performance today, outperforming its sector by 0.81% and has been on a gaining streak for the last three days, accumulating a total return of 6.72% during this period. Additionally, the stock has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock's year-to-date return stands at an impressive 56.16%, significantly outpacing the Sensex, which has only increased by 5.07% in the same timeframe.
In the broader market context, while the Sensex has seen a slight decline of 0.34% over the past week, Gujarat Apollo Industries Ltd has managed to rise by 2.42%, showcasing its resilience and strength relative to the benchmark. The notable increase in delivery volume, which rose by 309.57% against the 5-day average, suggests a rising investor participation, further supporting the stock's upward movement. Overall, the combination of strong recent performance, positive investor sentiment, and favorable trading conditions contributes to the stock's rising trajectory.