Why is Silgo Retail falling/rising?

As of 01-Oct, Silgo Retail Ltd's stock price is currently at 69.39, reflecting an increase of 2.91, or 4.38%. The stock has shown strong performance today, outperforming its sector by 4.62%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Over the past year, Silgo Retail has generated a return of 68.38%, significantly outperforming the BSE500 index, which has declined by 3.72% during the same period. Positive financial results for the first nine months, including a 25.08% growth in net sales and a 38.85% increase in profit after tax, have contributed to the stock's upward movement, despite a slight decrease in promoter holding to 55.37%. In the broader market context, the stock's short-term return over the past week is +1.57%, while the benchmark Sensex has decreased by 0.88%. This indicates that Silgo Retail is not only performing well relative to its own historical performance but also against the broader market trends. The BSE Small Cap index has gained by 1.16%, suggesting a favorable environment for small-cap stocks, which may also be supporting Silgo Retail's rise. Overall, the combination of strong financial performance, positive market sentiment, and outperformance relative to the benchmark has contributed to the stock's rising price.