Why is Rapid Multimodal falling/rising?

As of 01-Jul, Rapid Multimodal Logistics Ltd's stock price is rising, currently at Rs 68.80, reflecting an increase of Rs 1.8 or 2.69%. The stock has shown strong performance today, outperforming its sector by 3.17%. It reached an intraday high of Rs 70.3, which is a 4.93% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has gained 5.85%, and in the last month, it has surged by 28.60%, significantly outpacing the Sensex, which increased by only 2.00% and 2.76% respectively.
In the broader market context, Rapid Multimodal's short-term return of 5.85% over the past week is substantially higher than the Sensex's return of 2.00%, showcasing its strong relative performance. The stock has also performed well year-to-date, with an 8.18% increase compared to the Sensex's 7.11%. However, it is noted that the stock did not trade on 2 days out of the last 20, which may indicate some erratic trading behavior. Despite this, the liquidity appears sufficient for trading, as it is based on 2% of the 5-day average traded value. Overall, the combination of strong returns and favorable trading conditions contributes to the stock's rising price.