Why is Ravi Leela Gran falling/rising?

As of 13-Nov, Ravi Leela Granites Ltd's stock price is rising, currently at Rs 50.60, reflecting an increase of Rs 4.6 or 10.0%. The stock has shown strong performance recently, gaining 12.95% over the last three days and outperforming its sector by 10.8% today. Additionally, the stock has demonstrated impressive returns over various periods, including a 26.50% increase over the past month and a staggering 646.31% rise over the last five years. However, there has been a notable decline in investor participation, with delivery volume dropping by 92.92% compared to the five-day average, which may indicate some caution among investors despite the stock's upward movement.
Broader Market Context: In the context of the broader market, Ravi Leela Granites Ltd has significantly outperformed the Sensex, which has only increased by 1.40% over the past week and 2.61% over the past month. The stock's ability to maintain higher trading levels than its moving averages over various time frames further supports its upward trajectory. Despite the erratic trading pattern, where the stock did not trade on one day out of the last 20, the overall liquidity remains sufficient for trading, suggesting that the stock's rise is supported by solid fundamentals, even as some investors may be hesitant.