Why is Jakharia Fabric falling/rising?

As of 18-Sep, Jakharia Fabric Ltd's stock price is rising, currently at Rs. 123.50, reflecting an increase of Rs. 5.85 or 4.97%. The stock has recently hit a new 52-week high and is outperforming its sector by 4.77%. Additionally, Jakharia Fabric is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The stock has also seen a significant rise in investor participation, with a delivery volume increase of 177.78% compared to the 5-day average. Over the past week, the stock has gained 10.12%, and year-to-date, it has surged by 166.16%, showcasing robust performance relative to the Sensex, which has only increased by 7.52% during the same period.
In the broader market context, Jakharia Fabric's short-term performance significantly outpaces the benchmark, with a 1-week return of 10.12% compared to the Sensex's 1.67%. This strong performance is further highlighted by the stock's impressive year-to-date return of 166.16%, contrasting sharply with the Sensex's 7.52%. The stock's ability to maintain liquidity, as indicated by its trading volume, suggests a healthy trading environment, which may contribute to its rising price. Overall, the combination of strong stock-specific factors and favorable market conditions has led to the recent upward movement in Jakharia Fabric's stock price.