Why is Skyline Millars falling/rising?

As of 23-Oct, Skyline Millars Ltd is experiencing a price increase, currently at Rs 31.59, which represents a rise of 1.5 or 4.99%. The stock has shown strong performance recently, gaining 9.5% over the last two days and is currently trading close to its 52-week high, just 3.74% away from Rs 32.77. Additionally, the stock has outperformed its sector by 4.98% today and is trading above all key moving averages, indicating a positive trend. The rising investor participation is also notable, with a 19.01% increase in delivery volume compared to the 5-day average, suggesting increased interest and confidence among investors.
In the broader market context, Skyline Millars has significantly outperformed the Sensex, with a 1-week return of +5.83% compared to the benchmark's +1.30%. Over the past month, the stock has risen by 27.64%, while the Sensex has only increased by 2.99%. This substantial outperformance over various time frames, including a year-to-date return of +80.51% against the Sensex's +8.21%, highlights the stock's strong momentum relative to the market. Overall, the combination of positive stock-specific factors and a favorable comparison to the broader market contributes to the rising price of Skyline Millars Ltd.