Why is Ritesh Intl. falling/rising?

As of 10-Nov, Ritesh International Ltd is experiencing a price increase, currently at Rs. 68.07, reflecting a rise of 3.24 (5.0%). The stock has been on a positive trajectory, gaining for the last seven days and achieving a total return of 27.45% during this period. It has also reached a new 52-week high today, outperforming its sector by 5.76%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The delivery volume has significantly increased, suggesting rising investor participation, although there are no specific positive or negative factors provided to further explain the stock's recent movement.
Broader market context shows that Ritesh International Ltd has significantly outperformed the benchmark Sensex over various periods. Over the past week, the stock has risen by 17.28%, while the Sensex has declined by 0.53%. In the last month, Ritesh International has gained 23.99%, compared to a modest 1.25% increase in the Sensex. Year-to-date, the stock has surged by 121.51%, while the benchmark has only increased by 6.91%. This stark contrast in performance highlights the strength of Ritesh International in the current market environment.