Why is Madhusudan Sec. falling/rising?

As of 28-Oct, Madhusudan Securities Ltd is experiencing a price increase, with its current price at Rs 26.47, reflecting a rise of 1.91 or 7.78%. The stock has shown strong performance today, outperforming its sector by 8.04% and has been on a consecutive gain streak for the last three days, accumulating a total return of 8.89% during this period. It opened with a significant gain of 7.9% today and reached an intraday high of Rs 26.8, which is a 9.12% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Notably, investor participation has surged, with delivery volume on 27 October increasing by 416.08% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Madhusudan Securities Ltd has outperformed the benchmark Sensex over the past week, with a return of 7.43% compared to the Sensex's 0.24%. Over the past month, the stock has also shown a robust return of 21.31%, significantly exceeding the Sensex's 5.22% gain. However, it is important to note that year-to-date, the stock is down 3.25%, while the Sensex has risen by 8.30%. This indicates that while the stock is currently experiencing a positive momentum, it has faced challenges earlier in the year compared to the overall market performance.