Why is Seya Industries falling/rising?

As of 06-Nov, Seya Industries Ltd is experiencing a price increase, currently at Rs 24.13, which reflects a rise of 1.06 or 4.59%. The stock has shown strong performance today, having outperformed its sector by 5.57% and marking six consecutive days of gains with a total return of 31.86% during this period. It opened with a significant gap up of 4.9% and reached an intraday high of Rs 24.2. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 5.53% compared to the 5-day average.
In the broader market context, Seya Industries has significantly outperformed the Sensex over the past week, with a return of +20.65% compared to the benchmark's -1.30%. Over the past month, the stock has also shown a remarkable return of +39.97%, while the Sensex has only increased by 1.86%. This strong performance in the short term contrasts with the longer-term returns, where the stock has underperformed over the past year and three years. Overall, the recent upward momentum in Seya Industries' stock price can be attributed to its strong short-term performance and rising investor interest, despite the lack of specific positive or negative factors available for further analysis.