Why is Sejal Glass falling/rising?

As of 07-Aug, Sejal Glass Ltd is experiencing a price increase, with its current price at Rs 575.00, reflecting a rise of Rs 9.75 or 1.72%. The stock has shown strong performance recently, gaining 19.79% over the last six days and outperforming its sector by 3.07% today. It reached an intraday high of Rs 592.85, although it also saw a low of Rs 538 during the day, indicating a wide trading range of Rs 54.85. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, there has been a decline in investor participation, with delivery volume dropping by 31.2% compared to the 5-day average, which may indicate some caution among investors.
In the broader market context, Sejal Glass Ltd has significantly outperformed the benchmark Sensex over the past week and month, with returns of 16.17% and 21.96%, respectively, while the Sensex has declined by 0.69% and 3.38% during the same periods. This strong relative performance highlights the stock's resilience and attractiveness to investors despite a year-to-date decline of 9.16%, contrasting with the Sensex's gain of 3.18%. Overall, the recent upward movement in Sejal Glass's stock price can be attributed to its strong short-term performance and positive technical indicators, despite some concerns regarding declining investor participation.