Why is Lucent Industrie falling/rising?

As of 18-Jul, Lucent Industries Ltd is currently priced at 1,135.50, reflecting an increase of 5.5 (0.49%). The stock has been gaining momentum, having risen for the last two days with a total return of 2.35% during this period. It is 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, being only 3.54% away from the high of Rs 1,175.75. The company has demonstrated impressive performance over the last year, generating returns of 818.32%, significantly outperforming the BSE500 index in each of the last three annual periods. Positive quarterly results, including the highest recorded PBDIT, PBT, and PAT, further bolster investor confidence.
In the broader market context, Lucent Industries has outperformed the Sensex, which has seen a decline of 0.90% over the past week, while Lucent's stock has increased by 1.28%. This contrast highlights the stock's strong performance relative to the market. The rising investor participation, evidenced by a 24.45% increase in delivery volume, suggests growing interest in the stock, contributing to its upward movement. Overall, the combination of strong financial results, consistent returns, and positive market sentiment has led to the stock's rising price.