Why is Guj.Nat.Resour. falling/rising?

As of 13-Nov, Gujarat Natural Resources Ltd is experiencing a price increase, currently at Rs 93.40, reflecting a rise of Rs 1.41 or 1.53%. The stock has been on an upward trend, gaining for the last three days with a total return of 5.87% during this period. It is also close to its 52-week high, just 1.71% away from Rs 95. The stock has outperformed its sector by 1.72%, and trading activity has seen a significant increase, with delivery volume rising by 400.62% compared to the five-day average. Additionally, the stock is trading above all key moving averages, indicating strong momentum.
In the broader market context, Gujarat Natural Resources Ltd has shown impressive returns compared to the benchmark Sensex, with a year-to-date increase of 378.97% against the Sensex's 8.11%. Over the past month, the stock has risen by 16.17%, significantly outperforming the Sensex's 2.61% increase. This strong performance highlights the stock's resilience and attractiveness to investors, contributing to rising investor participation and liquidity, which supports its upward price movement.