Why is Spel Semiconduct falling/rising?

As of 02-Sep, Spel Semiconductor Ltd is experiencing a significant rise in its stock price, currently at Rs 156.75, reflecting an increase of Rs 25.4 or 19.34%. The stock has shown strong performance today, outperforming its sector by 19.38% and achieving a consecutive gain over the last three days, with a total return of 24.5% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. The rising investor participation is evident from a 142.58% increase in delivery volume compared to the 5-day average, which suggests heightened interest and confidence among investors.
In the broader market context, Spel Semiconductor's short-term performance has been notably strong, with a 1-week return of +23.43%, while the benchmark Sensex has declined by 0.78% during the same period. This stark contrast highlights the stock's resilience and attractiveness to investors despite a generally unfavorable market environment. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of 11.64% compared to a 2.58% increase in the Sensex. This indicates that while the stock is currently rising, it has faced challenges over a longer time frame, which could influence investor sentiment moving forward.