Why is Shine Fashions falling/rising?

As of 25-Jul, Shine Fashions (India) Ltd is experiencing a price increase, currently at Rs. 60.25, reflecting a rise of 6.01 or 11.08%. The stock has reached a new 52-week high today and has outperformed its sector by 13.06%. It opened with a significant gain of 11.08% and has maintained this price throughout the trading session. Over the past week, the stock has shown a robust performance, with a return of 14.37%, and a year-to-date increase of 23.39%. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 215.79% compared to the 5-day average, indicating strong interest in the stock.
In the broader market context, while Shine Fashions has shown impressive short-term returns, the benchmark Sensex has declined by 0.36% over the past week. This stark contrast highlights the stock's strong performance relative to the broader market. Despite trading below its moving averages, the significant rise in delivery volume suggests a positive sentiment among investors, which may be contributing to the stock's upward movement. However, trading in the sector overall has decreased by 2.01%, indicating that while Shine Fashions is performing well, the sector's overall performance may be affecting investor sentiment.