Why is Guj Apollo Inds falling/rising?

As of 17-Nov, Gujarat Apollo Industries Ltd is experiencing a price increase, currently at Rs 482.00, reflecting a rise of Rs 22.00 or 4.78%. The stock has shown strong performance today, outperforming its sector by 3.44% and has gained consecutively over the last two days, accumulating a total return of 9.87% during this period. Additionally, the stock opened with a gain of 2.83% today and reached an intraday high of Rs 483, which is a 5% increase. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 22.15% compared to the 5-day average, indicating heightened interest in the stock.
In the broader market context, Gujarat Apollo Industries Ltd has significantly outperformed the benchmark Sensex over various time frames, including a 1-week return of 8.05% compared to the Sensex's 1.69%, and a year-to-date return of 48.49% versus the Sensex's 8.72%. This strong relative performance suggests that investor sentiment towards the company is positive, contributing to the stock's upward movement. The absence of any negative factors in the provided data further supports the notion that the stock's rise is driven by favorable market conditions and investor confidence.