Why is OSEL Devices falling/rising?

As of 21-Aug, OSEL Devices Ltd is experiencing a price increase, currently at Rs. 588.85, reflecting a rise of 28.0 points or 4.99%. The stock has recently hit a new 52-week and all-time high, outperforming its sector by 5.22%. Over the past week, OSEL Devices has shown a remarkable return of +21.42%, and over the past month, it has surged by +78.39%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. However, there has been a slight decline in investor participation, with delivery volume falling by 1.55% compared to the 5-day average, which may suggest some caution among investors.
In the broader market context, OSEL Devices' performance stands in stark contrast to the Sensex, which has only increased by 1.84% over the past week and has remained nearly flat over the past month with a change of -0.03%. This significant outperformance highlights the stock's strong appeal relative to the benchmark. Year-to-date, OSEL Devices has achieved a return of +93.76%, significantly outpacing the Sensex's +6.09%. This divergence indicates that while the overall market may be experiencing modest growth, OSEL Devices is attracting investor interest and capital, contributing to its rising stock price.