Why is Prec. Electronic falling/rising?

As of 06-Aug, Precision Electronics Ltd is experiencing a price increase, currently at Rs. 211.00, which reflects a rise of 4.1 or 1.98%. The stock has been on a positive trajectory, gaining for the last seven days and achieving a remarkable 35.52% return during this period. Additionally, it has reached a new 52-week and all-time high today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 255.31% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Precision Electronics has significantly outperformed the benchmark Sensex, which has declined by 1.15% over the past week while the stock itself has surged by 20.40%. This stark contrast highlights the stock's strong performance relative to the market. Over the past month, the stock has also shown a robust return of 30.25%, compared to the Sensex's decline of 3.46%. Such performance metrics indicate that the stock is not only gaining traction among investors but is also resilient against broader market challenges.