Why is Ravinder Heights falling/rising?

As of 17-Nov, Ravinder Heights Ltd is experiencing a price increase, currently at Rs 60.76, which reflects a rise of 2.89 or 4.99%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 18.44% during this period. It opened today with a gain of 3.14% and reached an intraday high of Rs 60.76. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish sentiment. Notably, there has been a significant increase in investor participation, with delivery volume rising by 2418.05% compared to the 5-day average, suggesting heightened interest and confidence in the stock. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, Ravinder Heights has outperformed the Sensex, with a 1-week return of +12.52% compared to the benchmark's +1.69%. This strong short-term performance contrasts with its year-to-date return of -16.92%, which lags behind the Sensex's +8.72%. The stock's recent gains indicate a recovery phase, particularly in the short term, as it has significantly outperformed the benchmark over the past week and month. Overall, the combination of positive price momentum and increased trading activity suggests a favorable outlook for Ravinder Heights Ltd in the current market environment.