Why is Soma Textiles falling/rising?

As of 21-Jul, Soma Textiles & Industries Ltd is experiencing a price increase, with its current price at Rs. 95.09, reflecting a rise of 4.52 (4.99%). The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last eight days, resulting in a remarkable 110.61% return during this period. Additionally, the stock has outperformed the sector by 5.41% today. Over the past year, Soma Textiles has generated an impressive return of 183.01%, significantly outperforming the BSE500 index over various time frames, including the last three years, one year, and three months. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 93.52% against the five-day average.
In the broader market context, while Soma Textiles has shown strong short-term performance, the benchmark Sensex has remained relatively flat, with a slight decline of 0.06% over the past week. This stark contrast highlights the stock's exceptional performance compared to the overall market. The liquidity of the stock remains adequate, allowing for trades of Rs. 0.13 crore, which supports its upward movement despite the falling delivery volumes. Overall, the combination of strong historical performance, recent price gains, and the backing of majority shareholders (promoters) contributes to the stock's rising trajectory.