Why is PVP Ventures falling/rising?

As of 17-Nov, PVP Ventures Ltd is experiencing a price increase, currently at Rs 35.70, reflecting a rise of Rs 0.7 or 2.0%. The stock has been on an upward trend, gaining for the last six days and achieving a total return of 12.02% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Furthermore, the stock is close to its 52-week high, just 3.42% away from Rs 36.92. Notably, investor participation has surged, with delivery volume increasing by 654.22% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, PVP Ventures has significantly outperformed the benchmark Sensex, with a 1-week return of 9.85% compared to the Sensex's 1.69%. Over the past month, the stock has risen by 26.82%, while the Sensex has only increased by 1.19%. This strong performance relative to the benchmark indicates that investor sentiment towards PVP Ventures is particularly positive, contributing to its rising stock price. Overall, the combination of consistent gains, strong investor participation, and favorable comparisons to market benchmarks supports the upward movement of PVP Ventures' stock.