Why is Iconik Sports falling/rising?

As of 05-Jun, Iconik Sports and Events Ltd is currently priced at Rs. 29.82, showing no change (0.00%). The stock has recently hit a new 52-week and all-time high of Rs. 29.82 today, reflecting a strong performance as it has outperformed its sector by 5.03%. Over the last 12 days, the stock has consistently gained, resulting in a remarkable 79.21% return during this period. Additionally, it opened with a gain of 5% today and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. There has also been a notable increase in investor participation, with delivery volume rising by 28.57% against the 5-day average, indicating strong demand for the stock. Unfortunately, there is no information available regarding any positive or negative factors that could influence the stock's movement.
In the broader market context, Iconik Sports has significantly outperformed the Sensex, which has shown a decline of 0.23% over the past week while Iconik Sports has surged by 21.47%. This trend of strong performance is also evident over the past month, where Iconik Sports has achieved a return of 79.21%, compared to the Sensex's modest gain of 0.80%. The stock's impressive returns over various time frames, including a 1-year increase of 88.14%, further highlight its robust performance relative to the benchmark. Overall, the stock's rising trajectory appears to be supported by strong trading activity and positive investor sentiment, despite the lack of specific positive or negative factors.