Why is SEL Mfg. Co falling/rising?

As of 23-Oct, SEL Manufacturing Company Ltd's stock price is rising, currently at Rs 44.20, reflecting an increase of Rs 2.08 or 4.94%. The stock has shown strong performance recently, gaining 49.17% over the last six days and outperforming its sector by 3.67% today. It opened with a gain of 4.68% and reached an intraday high of Rs 44.22. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 13.03% against the 5-day average, which could suggest some caution among investors.
In the broader market context, SEL Manufacturing's recent short-term return of 33.25% over the past week significantly outpaces the Sensex, which only increased by 1.30% during the same period. This stark contrast highlights the stock's strong performance relative to the market. However, it is important to note that the stock has a year-to-date decline of 2.06%, while the Sensex has risen by 8.21%, indicating that despite recent gains, the stock has struggled over a longer timeframe compared to the benchmark.