Why is Nitta Gelatin falling/rising?

As of 15-Sep, Nitta Gelatin India Ltd is experiencing a price increase, currently at 945.75, which reflects a rise of 38.75 or 4.27%. The stock has shown strong performance today, outperforming its sector by 3.69% and achieving a consecutive gain over the last three days with a total return of 5.55%. It opened with a gain of 2.54% and reached an intraday high of Rs 970, 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 delivery volume has also increased by 15.07% compared to the 5-day average, indicating rising investor participation. There are no positive or negative factors explicitly mentioned, but the overall indicators suggest a favorable environment for the stock's recent movement.
In the broader market context, Nitta Gelatin's short-term performance has significantly outpaced the benchmark Sensex, with a 1-week return of 5.98% compared to the Sensex's 1.24%. Over the past month, the stock has risen by 13.09%, while the Sensex has only increased by 1.47%. Year-to-date, Nitta Gelatin has delivered a return of 24.15%, far exceeding the Sensex's 4.67%. This strong relative performance indicates that investor sentiment towards Nitta Gelatin is robust, contributing to its rising stock price amidst a generally stable market environment.