Why is Konark Synth falling/rising?

As of 17-Jul, Konark Synthetic Ltd's stock price is currently at 33.99, reflecting an increase of 1.4, or 4.3%. The stock has shown a positive trend today, having gained after two consecutive days of decline, and opened with a significant gain of 4.97%. It reached an intraday high of Rs 34.21, indicating strong buying interest. Over the past week, the stock has outperformed its sector by 4.02% and has delivered a remarkable return of 22.00% over the past month, while the one-year return stands at 52.49%. The stock is trading above all its key moving averages, which suggests a bullish trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 18.84% compared to the five-day average.
In the broader market context, while Konark Synthetic Ltd has shown strong short-term performance, the benchmark Sensex has experienced a decline of 1.12% over the past week. This contrast highlights the stock's resilience and ability to attract investor interest despite a challenging market environment. The stock's year-to-date performance, however, is down by 3.16%, which indicates some volatility in the longer term compared to the Sensex's positive return of 5.27%. Overall, the combination of strong recent performance, increased trading volume, and favorable technical indicators contributes to the stock's rising price.