Why is Solve Plastic falling/rising?

As of 28-Jul, Solve Plastic Products Ltd is experiencing a price increase, currently at 36.55, reflecting a rise of 1.7 or 4.88%. The stock has shown strong performance recently, with a 21.23% increase over the past week and a 22.24% increase over the past month, significantly outperforming the Sensex, which has declined by 1.63% and 3.73% respectively during the same periods. Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. There has also been a notable increase in investor participation, with delivery volume rising by 150% against the 5-day average, indicating heightened interest in the stock.
In the broader market context, while Solve Plastic has shown impressive short-term returns, it has underperformed on a year-to-date basis, with a decline of 19.49% compared to the Sensex's gain of 4.38%. This suggests that while the stock is currently gaining traction, it has faced challenges over a longer timeframe. The liquidity of the stock is adequate for trading, as it represents 2% of the 5-day average traded value, which supports its recent upward movement. Overall, the combination of strong short-term performance and increased investor interest appears to be driving the stock's rise, despite its longer-term underperformance relative to the benchmark.