Why is SEL Mfg. Co falling/rising?

As of 20-Oct, SEL Manufacturing Company Ltd's stock price is rising, currently at Rs 40.12, reflecting an increase of 3.64 or 9.98%. The stock has shown a strong performance today, outperforming its sector by 9.79% and has been on a consecutive gain streak for the last four days, accumulating a total return of 35.4% during this period. Additionally, the stock opened with a significant gain of 9.92% and reached an intraday high of Rs 40.12. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 341.68% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, SEL Manufacturing's short-term performance has significantly outpaced the benchmark, with a 1-week return of 35.27% compared to the Sensex's 2.47%. This stark contrast highlights the stock's strong momentum relative to the overall market. While the year-to-date performance shows a decline of 11.10% against the Sensex's gain of 7.97%, the recent surge indicates a potential recovery phase for the company. However, the longer-term performance remains concerning, with a 3-year decline of 94.26% compared to the Sensex's 42.50% increase, suggesting that while the stock is currently rising, it has faced significant challenges in the past.