Why is Shalimar Wires falling/rising?

As of 19-Nov, Shalimar Wires Industries Ltd is experiencing a price increase, currently at Rs 23.70, reflecting a rise of Rs 1.98 or 9.12%. The stock has shown strong performance today, outperforming its sector by 9.23%, with an intraday high of Rs 24.25, which is an increase of 11.65%. Despite a wide trading range of Rs 3.75 and high volatility of 8.36%, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 30.68% compared to the 5-day average. The stock's performance over the past week and month has also been notable, with returns of +12.70% and +21.91%, respectively, indicating a strong upward trend.
In the broader market context, the Sensex has only increased by 0.85% over the past week and 1.47% over the past month, highlighting that Shalimar Wires is significantly outperforming the benchmark indices during these periods. While the stock has a year-to-date return of +2.16%, it lags behind the Sensex's +9.02% return. However, its impressive 3-year return of +61.01% compared to the Sensex's +38.15% suggests a strong long-term performance. Overall, the combination of positive short-term movements, rising investor interest, and favorable comparisons to the benchmark indicates a robust upward momentum for Shalimar Wires Industries Ltd.