Why is L G Balakrishnan falling/rising?

As of 04-Nov, L G Balakrishnan & Bros Ltd is experiencing a significant price increase, currently priced at 1,816.50, reflecting a rise of 204.95 or 12.72%. The stock has recently hit a new 52-week and all-time high of Rs. 1850.95, showcasing strong performance with a 29.52% return over the last three days. It has outperformed its sector by 12.1% today and has shown high volatility, trading in a wide range with an intraday volatility of 5.03%. Additionally, the stock is trading above all major moving averages, indicating a strong upward trend. The rising investor participation is evident with a delivery volume increase of 1471.68% compared to the 5-day average, contributing positively to the stock's momentum. There is no information available regarding positive or negative factors that could impact the stock.
Broader market context shows that while L G Balakrishnan has delivered impressive returns, with a year-to-date increase of 44.32%, the benchmark Sensex has only risen by 6.81% during the same period. In the short term, the stock's 1-week return of 29.51% starkly contrasts with the Sensex's decline of 1.38%, highlighting the stock's strong performance relative to the broader market. This divergence suggests that investor sentiment towards L G Balakrishnan is particularly positive, driving its price higher despite a generally weaker market environment.