Why is Lakshmi Mills falling/rising?

As of 13-Aug, Lakshmi Mills Company Ltd's stock price is rising, currently at Rs 9,850.00, reflecting an increase of Rs 100.0 or 1.03%. The stock has been performing well, gaining for the last three days with a total return of 2.59% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock is close to its 52-week high, just 2.12% away from Rs 10,059. The stock has outperformed its sector by 0.69%, and there has been a notable increase in investor participation, with delivery volume rising by 81.36% compared to the 5-day average.
In the broader market context, Lakshmi Mills has shown a positive performance relative to the benchmark Sensex, with a 1-week return of +1.11% compared to the benchmark's flat performance of -0.01%. Over the past month, the stock has gained 4.79%, while the Sensex has declined by 2.38%. Year-to-date, Lakshmi Mills has significantly outperformed the Sensex, with a return of +37.90% against the benchmark's +3.07%. This strong performance in both short-term and long-term metrics suggests that investor confidence in Lakshmi Mills remains robust, contributing to its rising stock price.