Why is Sanghvi Movers falling/rising?

As of 29-Oct, Sanghvi Movers Ltd is experiencing a price increase, currently at Rs 396.00, which reflects a rise of Rs 4.3 or 1.1%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 9.06% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 90.81% compared to the 5-day average. The stock has outperformed its sector by 0.69%, and its year-to-date return stands at an impressive 29.12%, significantly higher than the benchmark Sensex's 8.78%.
In the broader market context, Sanghvi Movers has shown remarkable performance compared to the Sensex, particularly over the past week and month, where it has outperformed the benchmark by 5.97% and 1.57%, respectively. This strong performance is indicative of positive investor sentiment towards the stock, which is further supported by its high liquidity, making it attractive for trading. Overall, the combination of consistent gains, rising investor interest, and strong relative performance against the benchmark suggests that the stock is in a favorable position within the current market environment.