Why is SNL Bearings falling/rising?

As of 04-Nov, SNL Bearings Ltd. is experiencing a price increase, currently at Rs 397.35, reflecting a rise of Rs 7.3 or 1.87%. The stock has shown strong performance today, outperforming its sector by 4.15% and achieving a consecutive gain over the last three days, with a total return of 6.54% during this period. Additionally, the stock has reached an intraday high of Rs 404, indicating positive momentum. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 157.75% compared to the 5-day average, which indicates heightened interest in the stock.
In the broader market context, SNL Bearings has outperformed the benchmark Sensex over the past week, with a return of +5.88% compared to the Sensex's -1.38%. However, over the longer term, the stock has underperformed the benchmark on a one-month and one-year basis, with returns of +1.85% and -5.21%, respectively, while the Sensex has returned +2.77% and +5.94%. Despite this, the recent short-term gains and positive trading indicators suggest that investor sentiment is currently favorable for SNL Bearings, contributing to its rising stock price.