Why is Kavveri Defence falling/rising?

As of 05-Sep, Kavveri Defence & Wireless Technologies Ltd is experiencing a price increase, currently at Rs. 82.74, which reflects a rise of 3.94 or 5.0%. The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last six days, accumulating a total return of 33.97% during this period. Additionally, it has outperformed its sector by 2.84%. Over the past week, the stock has shown a remarkable return of 27.61%, while its performance over the last month stands at 46.49%. The stock is also trading above all key moving averages, indicating strong upward momentum. There is a notable increase in investor participation, with delivery volume rising significantly, suggesting heightened interest and confidence in the stock.
In the broader market context, Kavveri Defence's performance has significantly outpaced the benchmark Sensex, which has only gained 1.13% over the past week. The stock's year-to-date return of 27.67% also surpasses the Sensex's 3.29% increase, highlighting its strong relative performance. The telecommunications equipment sector, in which Kavveri operates, has seen a gain of 2.14%, contributing positively to the stock's upward trend. Overall, the combination of strong stock-specific factors, including consistent gains, high trading volumes, and favorable sector performance, supports the stock's rising price.