Why is Paradeep Pari. falling/rising?

As of 15-September, Paradeep Parivahan Ltd is experiencing a rise in its stock price, currently at Rs 139.90, reflecting an increase of Rs 3.9 or 2.87%. The stock has shown strong performance, gaining 11.03% over the last six days and outperforming its sector by 0.49% today. It opened with a gain of 2.87% and reached an intraday high of Rs 140. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. The stock is also close to its 52-week high, being just 3.86% away from Rs 145.3. Notably, there has been a significant increase in investor participation, with delivery volume rising by 271.43% against the 5-day average.
In the broader market context, Paradeep Parivahan Ltd has outperformed the Sensex over the past week and month, with returns of 9.30% and 15.76%, respectively, compared to the Sensex's 1.24% and 1.47%. This indicates that the stock is gaining traction relative to the overall market. The logistics sector, in which the company operates, has also seen a gain of 2.29%, contributing positively to the stock's performance. Overall, the combination of strong recent gains, positive investor sentiment, and favorable sector performance has led to the stock's upward movement.