Why is IEL falling/rising?

As of 23-Sep, IEL Ltd's stock price is currently at Rs. 9.53, reflecting an increase of Rs. 1.55, or 19.42%. The stock has recently hit a new 52-week high of Rs. 9.57 and has shown strong performance today, outperforming its sector by 21%. Over the past two days, the stock has gained 43.31%, and it opened with a gain of 2.01% today. The stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 116.39% compared to the 5-day average. There are no positive or negative factors explicitly mentioned that could impact the stock's recent movement.
Broader market context shows that IEL Ltd has significantly outperformed the benchmark Sensex, with a 1-week return of +45.05% compared to the Sensex's -0.34%, and a year-to-date return of +113.41% versus the Sensex's +5.07%. This stark contrast highlights the stock's strong momentum in a generally flat market environment. The high volatility of 8.01% today further emphasizes the active trading interest in IEL Ltd, contributing to its rising price amidst a backdrop of broader market stability.