Why is SML ISUZU falling/rising?

As of 22-Jul, SML ISUZU Ltd's stock price is rising, currently at Rs. 3,675.15, reflecting an increase of 334.1 or 10.0%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 9.59%. It has shown a strong performance over the last two days, gaining 10.79% during this period. Additionally, the stock has demonstrated impressive returns over various time frames, including a 161.28% increase year-to-date and a staggering 418.50% rise over the past three years. The company's operating profit has also grown significantly, contributing to positive investor sentiment.
Broader Market Context: In comparison to the Sensex, which has seen a slight decline of 0.47% over the past week, SML ISUZU's stock has outperformed with a 15.21% increase. This strong performance is indicative of the company's consistent returns, having outperformed the BSE500 in each of the last three annual periods. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 12.73% against the five-day average, which may suggest some caution among investors despite the stock's upward trajectory.