Why is Soma Textiles falling/rising?

As of 11-Jul, Soma Textiles & Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 64.81, reflecting an increase of 10.8 points or 20.0%. The stock has shown impressive performance today, having outperformed its sector by 21.52% and opened with a gain of 20%. It has been on a consecutive gain streak for the last two days, accumulating a remarkable 43.54% return during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Over the past year, Soma Textiles has generated an 89.50% return, significantly outperforming the broader market, which has seen only a 3.26% increase.
In the broader market context, while the Sensex has shown a slight decline of 1.12% over the past week, Soma Textiles has surged by 44.02%, highlighting its strong performance relative to the benchmark. The stock's liquidity is also favorable, with a delivery volume that has increased by 474.46% compared to the 5-day average, suggesting rising investor interest. The presence of majority shareholders, the promoters, further supports investor confidence. Overall, the combination of strong recent performance, positive investor sentiment, and outperformance against the benchmark has contributed to the stock's rising trajectory.