Why is Nidhi Granites falling/rising?

As of 15-Oct, Nidhi Granites Ltd's stock price is rising, currently at Rs. 402.00, reflecting an increase of Rs. 10.1 or 2.58%. The stock has recently hit a new 52-week and all-time high of Rs. 404, and it has outperformed its sector by 1.09%. Over the past four days, the stock has gained 11.05%, and it opened today with a gap up of 3.09%. Additionally, Nidhi Granites has shown impressive returns over various periods, including a year-to-date increase of 78.59% and a remarkable 178.20% rise over the past year. However, there has been a decline in investor participation, with delivery volume falling by 8.48% against the five-day average, which may indicate some caution among investors.
In the broader market context, Nidhi Granites has significantly outperformed the benchmark Sensex, which has only risen by 1.02% over the past week and 5.72% year-to-date. The stock's strong performance relative to the benchmark highlights its robust demand and investor confidence, despite the recent dip in trading volume. The consistent trading above key moving averages further supports the bullish sentiment surrounding the stock, suggesting that it remains a favorable investment choice in the current market environment.