Why is Remi Edelstahl falling/rising?

As of 23-Jul, Remi Edelstahl Tubulars Ltd is experiencing a notable rise in its stock price, currently at Rs 111.50, reflecting an increase of Rs 8.29 or 8.03%. The stock has shown strong performance today, outperforming its sector by 7.8% and has gained 15.54% over the last four days. It opened with a gain of 5.49% and reached an intraday high of Rs 112. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the company has reported positive results for the last three consecutive quarters, with net sales growing by 21.77% and a return on capital employed (ROCE) at its highest of 8.04%. This consistent performance has contributed to the stock's upward movement.
In the broader market context, Remi Edelstahl's short-term return of 14.02% over the past week significantly outpaces the Sensex, which has only increased by 0.11% during the same period. The stock has also outperformed the benchmark in longer time frames, including a 19.89% return over the past year compared to the Sensex's 2.86%. This strong relative performance, combined with rising investor participation—evidenced by a 523.65% increase in delivery volume—suggests a robust demand for the stock, further supporting its price increase.