Why is Nirlon falling/rising?

As of 01-October, Nirlon Ltd's stock price is currently at 499.30, reflecting an increase of 33.1, or 7.1%. The stock has shown a trend reversal, gaining after seven consecutive days of decline, and opened with a gap up of 2.53% today. It reached an intraday high of Rs 504, indicating strong performance within the day. Despite trading lower than its moving averages over various periods, the stock has outperformed its sector by 5.8% today. Additionally, the stock has generated a 19.82% return over the past year, contrasting with the negative performance of the broader market, which has seen a decline of 3.90%. The high management efficiency, indicated by a return on capital employed (ROCE) of 22.44%, and positive financial results further support the stock's upward movement.
In the broader market context, Nirlon's recent performance has been notably better than the benchmark, as it has outperformed the BSE500 index, which has recorded a negative return of -5.88% over the last year. This divergence highlights Nirlon's resilience in a challenging market environment. The significant increase in delivery volume, which rose by 2466.05% against the five-day average, suggests rising investor participation and confidence in the stock. The high dividend yield of 5.58% at the current price also adds to its attractiveness for investors, contributing to the stock's upward momentum despite its recent struggles with moving averages.