Why is Nibe Ordnance falling/rising?

As of 05-June, Nibe Ordnance & Maritime Ltd is currently priced at Rs. 5.98, with no change in price (0.00%). The stock has recently reached a new 52-week high today and has outperformed its sector by 2.44%. Over the past week, the stock has increased by 5.84%, and in the last month, it has risen by 25.37%. Year-to-date, the stock has shown an impressive gain of 315.28%, which is consistent with its performance over the past year and three years, where it has also increased by 315.28% and 615.31%, respectively. The stock is trading above all its moving averages, indicating a strong upward trend. However, it has experienced erratic trading, not trading on three days out of the last 20, which may affect investor confidence. There are no specific positive or negative factors available to further explain the stock's recent movement.
In the broader market context, Nibe Ordnance's short-term performance has significantly outpaced the benchmark Sensex, which has seen a decline of 0.23% over the past week while the stock itself has risen by 5.84%. This stark contrast highlights the stock's strong performance relative to the market, suggesting that investor sentiment towards Nibe Ordnance remains positive despite the overall market conditions. The stock's year-to-date performance of 315.28% compared to the Sensex's 4.23% further emphasizes its robust growth trajectory.