Why is Lahoti Overseas falling/rising?

As of 16-Sep, Lahoti Overseas Ltd's stock price is currently at Rs. 54.78, reflecting an increase of 0.38 or 0.7%. The stock has recently hit a new 52-week high of Rs. 55.7 and has been on an upward trend, gaining 3.97% over the last two days. It has outperformed its sector by 0.95% today and is trading above all key moving averages, indicating strong momentum. Additionally, investor participation has increased significantly, with delivery volume rising by 91.39% compared to the 5-day average. The positive performance is further highlighted by the stock's returns over various periods, including a 25.93% increase over the past month and a remarkable 463.58% rise over the last five years.
In the broader market context, Lahoti Overseas has outperformed the Sensex, which has only gained 1.58% over the past week compared to the stock's 5.57% increase. Year-to-date, the stock has risen 16.58%, while the Sensex has increased by 5.43%. This strong performance relative to the benchmark suggests that investor confidence in Lahoti Overseas is robust, contributing to its rising stock price. Overall, the combination of positive stock-specific factors and favorable comparisons to the broader market supports the upward movement of Lahoti Overseas Ltd's stock.