Why is KCD Industries falling/rising?

As of 11-Aug, KCD Industries India Ltd is experiencing a price increase, currently at 10.72, with a change of 0.08, representing a rise of 0.75%. The stock has shown strong performance recently, outperforming its sector by 0.73% today and achieving consecutive gains over the last three days, resulting in a total return of 2.1% during this period. Additionally, KCD Industries has demonstrated impressive returns over various time frames, including a 101.88% increase over the past month and a 24.36% increase over the past year. The stock is trading above its moving averages across multiple time frames, indicating positive momentum. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 195.41% compared to the five-day average, suggesting heightened interest in the stock.
In the broader market context, KCD Industries has outperformed the benchmark Sensex, which has declined by 0.51% over the past week while KCD Industries has gained 4.18%. This trend of outperformance is consistent over the past month, where KCD Industries has increased by 101.88% compared to the Sensex's decline of 2.30%. The stock's liquidity is also favorable, as it is liquid enough for trading, which may contribute to its rising price. Overall, the combination of strong recent performance, increased investor interest, and favorable comparisons to the benchmark has contributed to the upward movement of KCD Industries' stock price.