Why is Shri Venkatesh falling/rising?

As of 12-Nov, Shri Venkatesh Refineries Ltd is experiencing a price increase, currently at Rs 284.80, reflecting a rise of Rs 6.9 or 2.48%. Despite opening with a loss of 2.84% today, the stock reached an intraday high of Rs 285, indicating some recovery. The stock has outperformed its sector by 1.53% today, and it is trading above all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day). Additionally, the stock has shown strong performance over various periods, with a year-to-date return of 24.37% and a remarkable 87.37% increase over the past year. The rising investor participation is also notable, with delivery volume increasing by 50.54% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, the stock's performance over the past week has significantly outpaced the benchmark Sensex, with a return of 10.17% compared to the Sensex's 1.21%. This trend of strong relative performance is consistent across multiple time frames, indicating robust investor confidence in Shri Venkatesh Refineries Ltd. The liquidity of the stock is adequate for trading, which further supports its price stability and potential for growth. Overall, the combination of positive investor sentiment, strong historical returns, and increased trading activity contributes to the stock's rising price.