Why is Shri Balaji falling/rising?

As of 04-Sep, Shri Balaji Valve Components Ltd is experiencing a price increase, with the current price at Rs 113.90, reflecting a rise of Rs 4.9 or 4.5%. The stock has shown a strong performance today, outperforming its sector by 5.31% and has gained for the last three consecutive days, accumulating a total return of 12.61% during this period. Additionally, the stock opened with a gain of 4.5% today and reached an intraday high of Rs 113.90. Despite a year-to-date decline of 28.81% and a significant drop of 56.38% over the past year, the recent upward movement is supported by a notable increase in investor participation, with delivery volume rising by 45.83% compared to the five-day average.
In the broader market context, the stock's short-term return of 12.72% over the past week significantly outpaces the Sensex, which has only increased by 0.80% during the same period. This indicates that the stock is gaining traction relative to the overall market. However, it is important to note that the stock remains below its longer-term moving averages, suggesting that while there is a short-term positive momentum, the overall trend may still be under pressure. The lack of information regarding positive and negative factors does not detract from the stock's recent performance, which appears to be driven by increased trading activity and a favorable short-term outlook.