Why is Parmeshwar Metal falling/rising?

As of 06-Oct, Parmeshwar Metal Ltd is experiencing a price increase, with the current price at Rs 69.00, reflecting a rise of Rs 2.45 or 3.68%. The stock has shown strong performance today, having opened with a gain of 5.11% and reaching an intraday high of Rs 69.95. Additionally, it has outperformed its sector by 2.59%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 400% compared to the 5-day average. Unfortunately, there is no information available regarding any positive or negative factors that may have influenced this movement.
In the broader market context, Parmeshwar Metal's performance over the past week has been impressive, with a return of +6.63%, significantly outperforming the Sensex, which has only increased by +1.77% during the same period. Over the past month, the stock has also shown a return of +5.59%, again surpassing the Sensex's +1.34%. This strong relative performance suggests that investor sentiment towards Parmeshwar Metal is favorable compared to the overall market, contributing to its rising stock price.