Why is Spectrum Electr. falling/rising?

As of 30-Jul, Spectrum Electrical Industries Ltd is experiencing a price increase, with its current price at Rs 1,627.85, reflecting a rise of Rs 51.75 or 3.28%. The stock has outperformed its sector by 3.44% today, reaching an intraday high of Rs 1,631.55. In the past week, the stock has shown a strong performance with a return of +9.95%, while the benchmark Sensex has declined by 1.50%. Additionally, the stock's delivery volume has increased by 35.33% compared to the 5-day average, indicating rising investor participation. However, the stock remains below its 100-day and 200-day moving averages, which could suggest some caution among longer-term investors. There is no information available regarding positive or negative factors affecting the stock.
Broader market context indicates that while Spectrum Electrical has performed well in the short term, the broader market, as represented by the Sensex, has seen a decline of 1.50% over the same period. This contrast highlights the stock's relative strength against a backdrop of broader market weakness. Over the past month, however, the stock has slightly underperformed with a return of -1.08%, while the Sensex has also declined by 2.54%. This suggests that despite recent gains, the stock's longer-term performance may still be influenced by broader market trends.