Why is Rishabh Instrum. falling/rising?

As of 05-Sep, Rishabh Instruments Ltd is experiencing a price increase, currently at 475.00, which reflects a rise of 3.8 or 0.81%. The stock has recently hit a new 52-week high of Rs. 489 and has shown strong performance, gaining 8.56% over the last three days. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 86.95% compared to the 5-day average. The stock has outperformed its sector by 1.42%, and its year-to-date return stands at 41.14%, significantly higher than the Sensex's 3.29% during the same period.
In the broader market context, Rishabh Instruments Ltd's short-term return of 15.04% over the past week greatly surpasses the Sensex's return of 1.13%. This strong performance relative to the benchmark suggests that the stock is gaining traction among investors, likely driven by positive sentiment and increased trading activity. The absence of any negative factors in the provided data further supports the stock's upward movement, indicating a favorable outlook among market participants.