Why is RMC Switchgears falling/rising?

As of 14-Jul, RMC Switchgears Ltd is experiencing a price increase, currently at Rs 810.30, reflecting a rise of Rs 38.55 or 5.0%. The stock has shown strong performance today, outperforming its sector by 5.84% and has gained consecutively over the last two days, accumulating a total return of 10.7% during this period. Additionally, the stock opened with a gain of 5% and reached an intraday high of Rs 810.30. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 48.05% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, RMC Switchgears has outperformed the benchmark Sensex in the short term, with a 1-week return of +8.04% compared to the Sensex's -1.42%. However, the stock has faced challenges year-to-date, showing a decline of 27.65% while the Sensex has increased by 5.27%. Despite this, the significant gains over the past year (+32.37%) and the remarkable performance over the last three years (+4550.48%) highlight the stock's potential and resilience. The absence of any negative factors in the provided data further supports the positive momentum observed in the stock's recent price movement.