Why is Purple United falling/rising?

As of 06-Oct, Purple United Sales Ltd is experiencing a price increase, with its current price at 456.75, reflecting a rise of 21.75 or 5.0%. The stock has outperformed its sector by 7.47% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 60.67% against the 5-day average. Despite the lack of specific positive or negative factors, the stock's impressive year-to-date return of 138.20% compared to the Sensex's 6.06% suggests robust performance.
In the broader market context, Purple United's short-term return over the past week stands at 4.60%, significantly outperforming the Sensex, which has only increased by 1.80% in the same period. This indicates that the stock is not only gaining traction on its own but is also benefiting from favorable market conditions relative to the benchmark. The liquidity of the stock remains adequate for trading, further supporting its price rise despite the recent drop in delivery volumes.