Why is Ritesh Intl. falling/rising?

As of 12-Nov, Ritesh International Ltd's stock price is rising, currently at Rs. 74.97, reflecting an increase of Rs. 3.57 or 5.0%. The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last nine days, accumulating a remarkable 40.37% return during this period. Additionally, the stock has outperformed its sector by 3.92% today and is trading above all key moving averages, indicating strong upward momentum. The rising investor participation is also notable, with delivery volume increasing by 73.53% compared to the five-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Ritesh International Ltd has significantly outperformed the Sensex over various time frames, with a one-week return of 24.91% compared to the Sensex's 1.21%, and a year-to-date return of 143.96% versus the Sensex's 8.10%. This stark contrast highlights the stock's strong performance relative to the benchmark, reinforcing the positive sentiment surrounding it. Overall, the combination of strong recent performance, increased investor interest, and favorable comparisons to the broader market contributes to the stock's rising price.