Why is Kachchh Minerals falling/rising?

As of 23-Sep, Kachchh Minerals Ltd is experiencing a price increase, with the current price at Rs 55.89, reflecting a rise of Rs 2.66 or 5.0%. The stock has been on an upward trend, gaining for the last seven days and achieving a total return of 21.39% during this period. It is currently just 0.2% away from its 52-week high and has outperformed its sector by 4.03%. Despite opening with a loss of 3.06% today, the stock reached an intraday high of Rs 55.89, indicating strong buying interest. Additionally, the stock is trading above its moving averages across various time frames, and there has been a significant increase in delivery volume, which rose by 628.65% compared to the five-day average, suggesting rising investor participation.
In the broader market context, Kachchh Minerals has significantly outperformed the Sensex, with a one-week return of +16.70% compared to the benchmark's -0.34%. Over the year-to-date, the stock has achieved a remarkable return of +92.26%, while the Sensex has only increased by 5.07%. This strong performance relative to the benchmark indicates that investor sentiment towards Kachchh Minerals is notably positive, contributing to its rising stock price amidst a generally stable market environment.