Why is Sharda Motor falling/rising?

As of 06-Nov, Sharda Motor Industries Ltd is experiencing a price increase, with the current price at 1,141.95, reflecting a rise of 59.1 or 5.46%. The stock has shown strong performance today, outperforming its sector by 6.96% and has been on a gaining streak for the last three days, accumulating a total return of 10.41% during this period. Additionally, the stock opened with a gain of 2.23% and reached an intraday high of Rs 1183, indicating positive momentum. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bullish trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 395.88% against the 5-day average, indicating heightened interest in the stock.
In the broader market context, Sharda Motor's short-term performance has been notably strong, with a 10.29% increase over the past week, while the benchmark Sensex has declined by 1.30% during the same period. This stark contrast highlights the stock's resilience and attractiveness to investors compared to the overall market. Year-to-date, Sharda Motor has outperformed the Sensex, with a return of 23.12% compared to the benchmark's 6.62%. This positive performance, coupled with increasing liquidity and trading volume, suggests that investor sentiment remains favorable towards Sharda Motor Industries Ltd, contributing to its rising stock price.