Why is Shubham Polyspin falling/rising?

As of 30-Oct, Shubham Polyspin Ltd's stock price is currently at Rs. 69.00, reflecting an increase of Rs. 10.15, or 17.25%. The stock has recently hit a new 52-week high of Rs. 69.49 and has shown strong performance, gaining 42% over the last four days. It has outperformed its sector by 17.79% today and is trading above all key moving averages, indicating a strong upward trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 245.8% compared to the five-day average, suggesting heightened interest and confidence in the stock.
In the broader market context, Shubham Polyspin's performance over the past week shows a remarkable return of 39.96%, while the benchmark Sensex has slightly declined by 0.18%. This stark contrast highlights the stock's strong momentum relative to the overall market. Over the past month, the stock has surged by 67.11%, significantly outpacing the Sensex's gain of 5.15%. The high volatility observed today, with an intraday volatility of 8.32%, further emphasizes the stock's dynamic movement, driven by positive investor sentiment and robust trading activity.