Why is N R Agarwal Inds falling/rising?

As of 17-Oct, N R Agarwal Industries Ltd is experiencing a price increase, currently at Rs 467.60, which reflects a rise of Rs 14.9 or 3.29%. The stock has shown strong performance today, having outperformed its sector by 2.98% and has been on a consecutive gain for the last two days, accumulating an 8.08% return in that period. It opened with a significant gain of 4.91% and reached an intraday high of Rs 479.5, indicating positive momentum. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. The rising investor participation, with a delivery volume increase of 12.96% against the 5-day average, further supports the stock's upward movement.
In the broader market context, N R Agarwal Industries Ltd has outperformed the Sensex over various time frames, including a 5.09% gain over the past week compared to the Sensex's 1.76%, and a remarkable 34.76% year-to-date return against the Sensex's 7.44%. This indicates that the stock is not only performing well in isolation but is also gaining traction relative to the overall market. The strong performance metrics and positive investor sentiment contribute to the stock's rising price, reflecting a favorable outlook among investors despite the absence of specific positive or negative factors in the dashboard.