Why is Sejal Glass falling/rising?

As of 05-Aug, Sejal Glass Ltd is experiencing a price increase, currently at Rs 546.00, which reflects a rise of Rs 26.0 or 5.0%. The stock has shown strong performance today, outperforming its sector by 5.43% and has been on a consecutive gain streak for the last four days, accumulating a total return of 13.75% over this period. Additionally, the stock opened with a significant gain of 4.77% today and reached an intraday high of Rs 546. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Notably, there has been a remarkable increase in investor participation, with delivery volume rising by over 11,000% compared to the 5-day average, suggesting heightened interest and confidence in the stock.
In the broader market context, Sejal Glass Ltd's short-term performance has significantly outpaced the benchmark Sensex, which has declined by 0.77% over the past week while Sejal Glass has gained 13.75%. This stark contrast highlights the stock's resilience and attractiveness to investors amid a generally weaker market. Furthermore, while the year-to-date performance shows a decline of 13.74% for Sejal Glass compared to a 3.29% increase in the Sensex, its one-year return of 59.21% far exceeds the benchmark's 2.48%, indicating strong long-term growth potential. Overall, the combination of positive stock-specific factors and the stock's ability to outperform the benchmark contributes to its rising price.