Why is Ontic Finserve falling/rising?

As of 24-Oct, Ontic Finserve Ltd's stock price is currently at Rs. 2.15, reflecting an increase of Rs. 0.17 or 8.59%. The stock has recently hit a new 52-week high of Rs. 2.17 and has been on a positive trajectory, gaining for the last four days with a total return of 27.98% over that period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. There has also been a notable increase in investor participation, with delivery volume rising by 72% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Ontic Finserve's performance has significantly outpaced the benchmark Sensex, which has only increased by 0.31% over the past week. The stock's year-to-date return of 225.76% also stands in stark contrast to the Sensex's 7.77%, highlighting its strong relative performance. This outperformance, combined with rising investor participation and positive price movements, suggests a robust demand for Ontic Finserve shares, contributing to its rising stock price.