Why is OCCL falling/rising?

As of 31-Jul, OCCL Ltd's stock price is currently at Rs. 152.95, reflecting an increase of 7.25, or 4.98%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 6.04%. It has been on a positive trajectory, gaining for the last three days and achieving a total return of 10.47% during this period. Additionally, OCCL is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The rising investor participation is also noteworthy, with a significant increase in delivery volume by 204.89% against the 5-day average, suggesting heightened interest in the stock.
In the broader market context, OCCL's performance stands in stark contrast to the benchmark Sensex, which has declined by 1.22% over the past week and 3.00% over the past month. While the Sensex has shown a year-to-date increase of only 3.90%, OCCL has outperformed significantly with a year-to-date return of 48.19%. This divergence highlights the strength of OCCL's recent performance amidst a generally weaker market environment. The absence of any negative factors in the provided data further supports the positive sentiment surrounding the stock, contributing to its rising price.