Why is Nidhi Granites falling/rising?

As of 24-Oct, Nidhi Granites Ltd is experiencing a price increase, currently at Rs. 460.00, reflecting a rise of Rs. 12.6 or 2.82%. The stock has recently hit a new 52-week and all-time high of Rs. 469.75, demonstrating strong upward momentum. Over the past week, the stock has gained 17.99%, and in the last month, it has risen by 32.18%. Notably, the stock has been on a consecutive gain streak for the last five days, accumulating a total return of 19.12%. Additionally, the stock is trading above all key moving averages, indicating a strong bullish trend. There is also a significant increase in investor participation, with delivery volume rising by 181.37% compared to the five-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Nidhi Granites has significantly outperformed the benchmark Sensex, which has only increased by 0.31% over the past week. The stock's year-to-date return of 104.35% and one-year return of 189.49% further highlight its strong performance relative to the market, where the Sensex has only risen by 7.77% and 5.18%, respectively. This stark contrast in performance indicates that investor sentiment towards Nidhi Granites is particularly positive, contributing to its rising stock price. Overall, the combination of strong recent performance, increased trading activity, and favorable comparisons to the benchmark suggests a robust upward trajectory for Nidhi Granites Ltd.