Why is Modi's Navnirman falling/rising?

As of 12-Sep, Modis Navnirman Ltd's stock price is rising, currently at Rs 298.00, reflecting an increase of Rs 8.0 or 2.76%. The stock has been gaining momentum, having outperformed its sector by 2.66% today and achieving a notable 9.96% return over the last two days. Additionally, it is trading above all key moving averages, indicating strong upward momentum. The stock is also close to its 52-week high, just 4.36% away from Rs 311. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 818.92% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Modis Navnirman Ltd has shown impressive performance relative to the benchmark Sensex, with a 1-week return of 8.40% compared to the Sensex's 1.48%. Over the year-to-date, the stock has returned 15.50%, significantly outperforming the Sensex's 4.82%. This strong performance indicates that the stock is not only gaining traction on its own but is also benefiting from favorable market conditions, contributing to its rising price.