Why is Purple Entertain falling/rising?

As of 27-Oct, Purple Entertainment Ltd is experiencing a significant rise in its stock price, currently at Rs. 7.88, reflecting an increase of Rs. 0.71 or 9.9%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last four consecutive days with an impressive return of 80.73% over this period. Additionally, it is trading above all key moving averages, indicating strong upward momentum. The rising investor participation is evident with a delivery volume increase of 190.31% compared to the 5-day average, contributing positively to the stock's recent performance.
In the broader market context, Purple Entertainment's short-term return of 80.73% over the past week significantly outperforms the Sensex, which has only increased by 0.49% during the same period. This stark contrast highlights the stock's strong performance relative to the benchmark. Furthermore, the stock's year-to-date return of 44.85% also surpasses the Sensex's 8.50%, reinforcing its positive market sentiment. Overall, the combination of strong stock-specific factors and favorable comparisons to the broader market contributes to the ongoing rise in Purple Entertainment's stock price.