Why is Shri Venkatesh falling/rising?

As of 31-Jul, Shri Venkatesh Refineries Ltd's stock price is rising, currently at Rs 251.00, reflecting an increase of Rs 6.0 or 2.45%. The stock has shown a strong performance today, having outperformed its sector by 3.6% and is close to its 52-week high, just 1.59% away from Rs 255. The stock has gained after two consecutive days of decline, reaching an intraday high of Rs 252. Over the past year, it has generated impressive returns of 93.82%, consistently outperforming the BSE500 in each of the last three annual periods. However, there is a noted decline in investor participation, with delivery volume falling by 70.59% compared to the 5-day average.
In the broader market context, the stock has demonstrated a positive short-term return of 1.41% over the past week, contrasting with a decline of 1.22% in the Sensex. This indicates that while the overall market is facing challenges, Shri Venkatesh Refineries Ltd is managing to maintain upward momentum. The stock's performance is further supported by its trading above all key moving averages, suggesting a strong bullish trend despite the recent drop in delivery volumes. Overall, the stock's consistent returns and positive performance relative to the benchmark contribute to its rising price.