Why is IZMO falling/rising?

As of 24-Jun, IZMO Ltd's stock price is rising, currently at Rs 383.00, reflecting an increase of 18.2 points or 4.99%. The stock has shown strong performance recently, gaining 14.67% over the last four days and outperforming its sector by 4.99% today. It opened with a significant gain of 4.98% and reached an intraday high of Rs 383. The stock's performance over the past week and month has been impressive, with returns of +14.33% and +29.20%, respectively. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a positive trend, although it remains below the 200-day moving average. Rising investor participation is also notable, with delivery volume increasing by 181.19% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, IZMO's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.58% over the past week and 0.41% over the past month. While the stock has experienced a year-to-date decline of 30.90%, its one-year return of +21.34% and three-year return of +463.65% highlight its long-term growth potential. The strong recent gains and positive investor sentiment contrast sharply with the broader market's modest performance, indicating that IZMO is currently benefiting from specific factors that are driving its price upward, despite its overall year-to-date decline.