Why is Solex Energy falling/rising?

As of 23-Sep, Solex Energy Ltd is experiencing a price increase, currently at 1,616.20, which reflects a rise of 36.6 or 2.32%. The stock has shown strong performance today, outperforming its sector by 3.07%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The delivery volume has also increased significantly, with a rise of 81.33% against the 5-day average, suggesting heightened investor participation. Over the past week, the stock has gained 12.00%, and its year-to-date return stands at 15.08%, both of which are favorable compared to the benchmark Sensex.
In the broader market context, while the Sensex has seen a slight decline of 0.28% over the past week, Solex Energy's strong performance highlights its resilience and attractiveness to investors. The stock's year-on-year return of 22.61% also contrasts with the Sensex's decline of 2.97%, further emphasizing its outperformance. The liquidity of the stock, being sufficient for trades of Rs 0.16 crore, supports its trading activity and investor interest. Overall, the combination of positive stock-specific factors and a contrasting performance against the broader market contributes to the rising price of Solex Energy Ltd.