Why is Parin Enterpris. falling/rising?

As of 23-Sep, Parin Enterprises Ltd is experiencing a price increase, with the current price at Rs. 501.00, reflecting a rise of 7.1 points or 1.44%. The stock has recently hit a new 52-week high of Rs. 518.55, indicating strong upward momentum. It has outperformed its sector by 2.45% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 186.89% compared to the 5-day average. The stock's performance over various periods shows impressive returns, including a 31.88% increase year-to-date and a remarkable 330.78% rise over the past three years, while the benchmark Sensex has shown more modest gains.
In the broader market context, Parin Enterprises Ltd's short-term return of 2.87% over the past week stands in stark contrast to the Sensex, which has declined by 0.28% during the same period. This divergence highlights the stock's strong performance relative to the overall market. The stock's substantial gains over the past month and year further emphasize its resilience and attractiveness to investors, especially in a market that has not performed as well, as evidenced by the Sensex's 2.97% decline over the past year. Overall, the combination of strong stock-specific factors and favorable comparisons to the benchmark suggests a positive sentiment surrounding Parin Enterprises Ltd.