Why is Silkflex Polymer falling/rising?

As of 26-Sep, Silkflex Polymers (India) Ltd is experiencing a price increase, with its current price at 93.35, reflecting a rise of 2.35 or 2.58%. The stock has shown strong performance recently, outperforming its sector by 4.13% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 37.5% compared to the 5-day average. Despite the lack of specific positive or negative factors, the overall upward movement in price suggests a favorable sentiment among investors.
In the broader market context, Silkflex Polymers has outperformed the benchmark Sensex over various periods, including a 1-week return of +3.72% compared to the Sensex's -2.65% and a 1-month return of +16.69% against a slight decline of -0.23% for the Sensex. Year-to-date, the stock has gained +18.54%, significantly outperforming the Sensex's +4.27%. This strong relative performance indicates that while the overall market may be facing challenges, Silkflex Polymers is benefiting from positive investor sentiment and strong stock performance.