Why is Quality Power El falling/rising?

As of 24-Jun, Quality Power Electrical Equipments Ltd is experiencing a price increase, currently at Rs. 629.70, which reflects a rise of Rs. 18.7 or 3.06%. The stock has recently hit a new 52-week and all-time high of Rs. 638 today, indicating strong upward momentum. Over the past week, the stock has gained 16.67%, and in the last month, it has surged by 46.89%. Additionally, the stock has shown consistent performance, with a consecutive gain over the last three days, resulting in a total return of 21.35% during this period. The rising investor participation, evidenced by a significant increase in delivery volume, further supports the stock's upward trajectory.
In the broader market context, Quality Power Electrical Equipments Ltd has outperformed the Sensex, which only increased by 0.58% over the past week. The stock's performance today also exceeded its sector by 1.96%, highlighting its strength relative to peers. The liquidity of the stock remains favorable, allowing for substantial trading activity, which is crucial for maintaining price stability and growth. Overall, the combination of strong recent performance, positive investor sentiment, and favorable trading conditions contributes to the stock's rising price.