Why is IEC Education falling/rising?

As of 08-Oct, IEC Education Ltd's stock price is currently at Rs. 46.58, reflecting an increase of Rs. 2.21 or 4.98%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last seven days with a total return of 40.56% during this period. Additionally, the stock has significantly outperformed its sector by 6.07%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 730.89% compared to the 5-day average, suggesting heightened interest and confidence in the stock.
In the broader market context, IEC Education's performance over the past week shows a remarkable return of 21.49%, significantly outpacing the Sensex, which only gained 0.98% in the same timeframe. Over the past month, the stock has surged by 122.66%, while the Sensex has only increased by 1.22%. This stark contrast highlights the stock's strong performance relative to the benchmark. The positive momentum in IEC Education's stock price can be attributed to both its impressive returns and the increased trading activity, reflecting a favorable sentiment among investors.