Why is Solarium Green falling/rising?

As of 12-Jun, Solarium Green Energy Ltd is experiencing a price increase, currently at Rs 408.00, which reflects a rise of Rs 18.3 or 4.7%. The stock has shown strong performance recently, gaining 10.15% over the last two days and outperforming its sector by 7.7%. It opened with a significant gain of 4.99% today and reached an intraday high of Rs 409.15. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock is also close to its 52-week high, being only 2.81% away from Rs 419.45. Rising investor participation is evident, with a delivery volume increase of 5.49% against the 5-day average, contributing to its upward momentum.
In the broader market context, Solarium Green's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.31% over the past week. The stock's 1-month return of 42.16% further highlights its strong performance compared to the Sensex, which has declined by 0.90% in the same period. While the renewable energy sector has faced a downturn of 3.03%, Solarium Green's ability to rise amidst this backdrop suggests strong investor confidence and market interest in the company specifically, despite the sector's challenges.