Why is Spice IslandsInd falling/rising?

As of 17-Oct, Spice Islands Industries Ltd is experiencing a price increase, currently at Rs 87.09, which reflects a rise of 4.14 or 4.99%. The stock has shown strong performance recently, gaining 19.78% over the last four days and outperforming its sector by 5.97% today. Additionally, it has demonstrated impressive returns over various periods, including a year-to-date increase of 107.70% and a remarkable 934.32% rise over the last three years. The stock is trading above its moving averages across multiple time frames, indicating a bullish trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 114.03% compared to the five-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Spice Islands Industries Ltd has significantly outperformed the Sensex, which has only increased by 1.76% over the past week, while the stock itself has surged by 15.64% in the same timeframe. This trend of outperformance is consistent across other periods as well, with the stock's one-month return of 9.45% compared to the Sensex's 1.52%. The strong upward movement in the stock price, coupled with rising investor participation, indicates a positive sentiment in the market, despite the absence of specific positive or negative factors that could further clarify the reasons behind this momentum.