Why is Shri Venkatesh falling/rising?

As of 11-Jul, Shri Venkatesh Refineries Ltd is experiencing a price increase, currently at Rs 242.00, reflecting a rise of 2.1 (0.88%). The stock has shown strong performance recently, gaining 17.48% over the last three days and is now just 0.21% away from its 52-week high of Rs 242.5. Despite opening with a loss of 6.21% today, the stock has outperformed its sector by 1.03%. Over the past year, it has generated impressive returns of 71.51%, consistently outperforming the BSE500 in each of the last three annual periods, which contributes to a positive sentiment among investors.
In the broader market context, the stock's short-term performance stands in stark contrast to the benchmark, as it has gained 18.63% over the past week while the Sensex has declined by 1.12%. This significant outperformance highlights the stock's resilience and attractiveness to investors, especially given the rising investor participation, with a notable increase in delivery volume. The stock's ability to trade above its moving averages further indicates a strong upward trend, reinforcing the positive outlook for Shri Venkatesh Refineries Ltd amidst a challenging market environment.