Why is MIRC Electronics falling/rising?

As of 15-Oct, MIRC Electronics Ltd is experiencing a price increase, with its current price at Rs 27.32, reflecting a rise of 1.3 (5.0%). The stock has shown strong performance today, outperforming its sector by 3.95% and has been on a consecutive gain for the last two days, accumulating a total return of 9.32% during this period. Despite opening with a loss of 2.19%, the stock reached an intraday high of Rs 27.32. Additionally, MIRC Electronics is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock's year-to-date return stands at +13.83%, and it has outperformed the benchmark Sensex over the past year with a return of +21.31%. Unfortunately, the Positive and Negative Factors section is not available for further insights.
Broader Market Context: In the short term, MIRC Electronics has significantly outperformed the benchmark Sensex, with a weekly return of +15.47% compared to the Sensex's +1.02%. This stark contrast highlights the stock's strong momentum relative to the broader market. The rising investor participation, evidenced by a 23.61% increase in delivery volume, further supports the stock's upward movement, suggesting growing confidence among investors. Overall, the combination of strong recent performance, positive technical indicators, and increased trading activity contributes to the stock's rising price.