Why is Rajshree Sugars falling/rising?

As of 02-September, Rajshree Sugars & Chemicals Ltd has experienced a significant price increase, currently priced at 45.36, reflecting a rise of 7.56 or 20.0%. The stock has shown strong performance today, outperforming its sector by 15.25% and achieving a consecutive gain over the last two days with a total return of 21.71%. It opened with a gain of 3.94% and reached an intraday high of Rs 45.36. Over the past week, the stock has increased by 19.65%, while its year-to-date performance remains negative at -20.42%. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it is below the 100-day and 200-day moving averages. However, there has been a decline in investor participation, with delivery volume falling by 14.86% against the 5-day average.
In the broader market context, the Sensex has seen a slight decline of 0.78% over the past week, contrasting with Rajshree Sugars' strong performance. This indicates that the stock is gaining traction despite a generally unfavorable market environment. While the sugar sector has gained by 4.65%, Rajshree Sugars has significantly outperformed this sector, suggesting that specific factors related to the company may be driving its recent rise. The stock's liquidity remains adequate for trading, which may also contribute to its upward movement. Overall, the combination of strong short-term performance and sector outperformance highlights the stock's resilience in a challenging market.