Why is Sarup Industries falling/rising?

As of 24-Oct, Sarup Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 119.71, reflecting an increase of Rs 10.88 or 10.0%. The stock has shown strong performance today, outperforming its sector by 9.88% and achieving a consecutive gain over the last three days, with a total return of 31.52% during this period. Additionally, the stock opened with a gain of 9.3% today and reached an intraday high of Rs 119.71. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 70.01% against the 5-day average, contributing positively to the stock's recent movement. There are no available details on positive or negative factors that could further explain this rise.
In the broader market context, Sarup Industries has outperformed the benchmark Sensex significantly in the short term, with a 1-week return of +24.05% compared to the Sensex's +0.31%. Over the past month, the stock has gained +31.03% while the benchmark has only increased by +3.05%. This trend indicates strong investor confidence in Sarup Industries relative to the overall market performance. The stock's year-to-date return of +20.59% also surpasses the Sensex's +7.77%, further highlighting its robust performance in comparison to the broader market.