Why is Solid Stone Co falling/rising?

As of 03-Sep, Solid Stone Company Ltd is experiencing a price increase, currently at Rs 36.00, reflecting a rise of Rs 2.0 or 5.88%. The stock has shown strong performance today, outperforming its sector by 5.11% and opening with a significant gain of 7.35%. It reached an intraday high of Rs 36.5. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 57.16% compared to the 5-day average, which may raise concerns about sustained interest in the stock.
Broader Market Context: In the short term, Solid Stone Company Ltd has outperformed the Sensex, with a weekly return of +7.46% compared to the benchmark's -0.27%. This indicates that while the broader market is facing challenges, Solid Stone is gaining traction. However, over the longer term, the stock has underperformed, with a year-to-date return of 0.00% and a one-year return of -0.28%, contrasting sharply with the Sensex's positive performance. This divergence suggests that while the stock is currently rising, it may still face long-term challenges that could affect its overall stability and investor confidence.