Why is Solex Energy falling/rising?

As of 05-Jun, Solex Energy Ltd's stock price is currently at 1,280.70, reflecting an increase of 25.1, or 2.0%. The stock has shown a strong performance over the past week with a return of +10.40%, although it has underperformed its sector today by -2.24%. Additionally, the stock's delivery volume has significantly increased by 68.56% compared to the 5-day average, indicating rising investor participation. While the stock is above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. The stock's year-to-date performance shows a decline of -8.81%, but it has gained +9.97% over the past year and an impressive +939.53% over the last three years. There are no specific positive or negative factors provided that could further clarify the stock's recent movement.
In the broader market context, Solex Energy's short-term return of +10.40% over the past week stands in stark contrast to the Sensex, which has declined by -0.33% during the same period. This indicates that the stock is performing well relative to the broader market, suggesting that investor sentiment towards Solex Energy is currently positive despite its year-to-date decline. The overall market has shown a slight increase of +1.18% over the past month, while Solex Energy has outperformed with a return of +44.71%. This divergence highlights the stock's strong recent performance, particularly in the short term, amidst a generally stable market environment.