Why is SPL Industries falling/rising?

As of 29-Oct, SPL Industries Ltd is experiencing a price increase, currently at Rs 43.00, reflecting a rise of Rs 1.73 or 4.19%. The stock has shown strong performance recently, gaining 12.21% over the last two days and outperforming its sector by 3.3% today. It opened with a significant gain of 3.22% and reached an intraday high of Rs 44.1, which is a 6.86% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Notably, there has been a substantial increase in investor participation, with delivery volume rising by 724.48% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that might influence the stock's movement.
Broader market context shows that SPL Industries has outperformed the Sensex in the short term, with a 1-week return of +13.16% compared to the Sensex's +0.68%. Over the past month, the stock has also outperformed the benchmark, returning +10.82% against the Sensex's +5.76%. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of -28.23% while the Sensex has gained +8.78%. This mixed performance suggests that while the stock is currently experiencing a positive momentum, it has faced significant challenges over a longer time frame.