Why is Shubham Polyspin falling/rising?

As of 23-Oct, Shubham Polyspin Ltd is experiencing a price increase, currently trading at Rs 49.50, which reflects a rise of Rs 1.2 or 2.48%. The stock has shown strong performance recently, gaining 10.52% over the last three days and is currently 4.95% away from its 52-week high of Rs 51.95. It opened with a gain of 2.07% today and has outperformed its sector by 1.21%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. There is also rising investor participation, as evidenced by an increase in delivery volume, which suggests a growing interest in the stock.
In the broader market context, Shubham Polyspin's short-term return of 8.70% over the past week significantly outpaces the Sensex's return of 1.30%. Over the past month, the stock has risen by 21.35%, compared to the Sensex's 2.99%, highlighting its strong performance relative to the benchmark. The stock's year-to-date return of 98.88% also exceeds the Sensex's 8.21%, further emphasizing its robust growth trajectory. Overall, the combination of strong recent performance, positive investor sentiment, and favorable comparisons to the benchmark contribute to the stock's rising price.