Why is IEL falling/rising?

As of 22-Sep, IEL Ltd's stock price is rising, currently at Rs. 7.98, reflecting an increase of 1.33 or 20.0%. The stock has reached a new 52-week high today and has outperformed its sector by 20.24%. Over the past week, IEL has shown a remarkable return of +21.28%, and over the past month, it has surged by +66.60%. Despite a recent decline in delivery volume by -18.45% against the 5-day average, the stock remains liquid enough for trading, and it is currently trading above all key moving averages, indicating strong upward momentum.
In the broader market context, IEL's impressive short-term performance stands in stark contrast to the Sensex, which has only increased by +0.46% over the past week. While IEL has demonstrated significant growth over various time frames, including a year-to-date return of +78.70%, the Sensex has only gained +5.15% during the same period. This divergence highlights IEL's strong market position and investor interest, particularly as it continues to achieve new highs despite some volatility and a decrease in investor participation.