Why is Royal Arc Ele. falling/rising?

As of 28-Jul, Royal Arc Electrodes Ltd is experiencing a price increase, with its current price at 167.40, reflecting a rise of 2.4, or 1.45%. The stock has shown strong performance today, outperforming its sector by 2.07%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The delivery volume on July 25 has also increased significantly by 81.82% compared to the 5-day average, suggesting rising investor participation. While there are no specific positive or negative factors provided, the overall performance metrics indicate a favorable outlook for the stock.
In the broader market context, Royal Arc Electrodes Ltd has outperformed the benchmark Sensex over the past week and month, with returns of +6.90% and +13.88%, respectively, while the Sensex has declined by -1.63% and -3.73% during the same periods. This stark contrast highlights the stock's resilience and attractiveness to investors amidst a generally declining market. The stock's liquidity is also noted to be sufficient for trading, further supporting its upward movement in price.