Why is Parmeshwar Metal falling/rising?

As of 17-Nov, Parmeshwar Metal Ltd is experiencing a significant rise in its stock price, currently at Rs 75.00, which reflects an increase of Rs 7.9 or 11.77%. The stock opened with a notable gain of 7.76% today and reached an intraday high of Rs 78.9, marking a 17.59% increase. Additionally, the stock has outperformed its sector by 11.83% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Furthermore, there has been a substantial increase in investor participation, with delivery volume rising by 62.16% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.
Broader market context shows that Parmeshwar Metal Ltd has outperformed the benchmark Sensex over the past week, with a return of +8.70% compared to the Sensex's +1.69%. Over the past month, the stock has also shown a strong performance with a return of +13.64%, while the Sensex only gained +1.19%. This indicates that the stock's recent rise is not only driven by company-specific factors but also reflects a favorable comparison to broader market trends.