Why is Royal Arc Ele. falling/rising?

As of 17-Nov, Royal Arc Electrodes Ltd is experiencing a price increase, currently at 169.25, reflecting a rise of 9.25 or 5.78%. The stock has shown strong performance today, outperforming its sector by 5.32%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Notably, there has been a significant increase in investor participation, with delivery volume rising by 114.29% against the 5-day average. While the positive and negative factors dashboard is unavailable, the overall indicators suggest a favorable sentiment towards the stock.
In the broader market context, Royal Arc Electrodes Ltd has outperformed the Sensex over the past week and month, with returns of 5.09% and 5.16% respectively, compared to the Sensex's 1.72% and 1.18%. This indicates that the stock is not only gaining traction independently but is also benefiting from a stronger performance relative to the benchmark index. The liquidity of the stock is adequate for trading, further supporting its upward movement in the market.