Why is Lakshmi Engg. falling/rising?

As of 24-Jun, Lakshmi Engineering & Warehousing Ltd is experiencing a price increase, currently at Rs 2,469.25, with a change of 16.2 (0.66%) upwards. The stock has shown strong performance today, outperforming its sector by 1.34% and has been on a consecutive gain streak for the last three days, accumulating a total return of 17.33% during this period. It opened with a significant gain of 5.58% and reached an intraday high of Rs 2,787, reflecting a rise of 13.61%. Over the past week, the stock has increased by 10.42%, and over the past month, it has risen by 17.03%, indicating robust momentum. Additionally, the stock is trading above its moving averages across various time frames, and there has been a notable increase in investor participation, with delivery volume rising by 256.95% compared to the 5-day average.
In the broader market context, Lakshmi Engineering's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.58% over the past week. This contrast highlights the stock's strong relative strength and investor interest. The stock's high volatility, with an intraday fluctuation of 6.96%, suggests active trading and investor engagement, contributing to its rising price. Overall, the combination of strong recent returns, positive investor sentiment, and favorable trading conditions has driven the stock's upward movement.