Why is Italian falling/rising?

As of 30-Jun, Italian Edibles Ltd's stock price is rising, currently at 40.00, reflecting an increase of 2.0 or 5.26%. The stock has shown strong performance today, outperforming its sector by 5.21%. Additionally, it has higher moving averages compared to the 5-day, 20-day, 50-day, and 100-day averages, although it remains lower than the 200-day moving average. Notably, there has been a rise in investor participation, with delivery volume increasing by 13.64% against the 5-day average. The stock's performance over the past week has been impressive, with a return of +9.74%, while it has also gained +8.84% over the past month. However, it is important to note that the year-to-date performance remains negative at -6.43%.
In the broader market context, the Sensex has increased by 2.18% over the past week and 3.10% over the past month, indicating that while Italian Edibles Ltd is outperforming the benchmark in the short term, its year-to-date performance is lagging behind the Sensex, which has gained 7.92% in the same period. This suggests that the stock's recent rise may be driven by specific factors related to the company rather than broader market trends. Overall, the combination of strong short-term performance and increased investor interest contributes positively to the stock's upward movement.