Why is Sar Auto Prod. falling/rising?

As of 01-Oct, Sar Auto Products Ltd is experiencing a price increase, with its current price at Rs 2,180.00, reflecting a rise of Rs 80.00 or 3.81%. The stock has shown strong performance today, opening with a gain of 3.81% and reaching an intraday high of Rs 2,180. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has outperformed its sector by 2.69% today. Over the past year, Sar Auto Products has delivered a return of 9.00%, significantly outperforming the Sensex, which has declined by 3.90% during the same period.
In the broader market context, Sar Auto Products has demonstrated a strong short-term return of 6.34% over the past week, contrasting with the Sensex, which has decreased by 0.90%. This positive divergence suggests that investor sentiment towards Sar Auto Products is robust, particularly as the stock is only 2.06% away from its 52-week high. Furthermore, rising investor participation, as indicated by a 2.94% increase in delivery volume, supports the stock's upward movement. Overall, the combination of strong stock performance, positive technical indicators, and favorable investor activity contributes to the rising price of Sar Auto Products Ltd.