Why is Sri Chakra Cem. falling/rising?

As of 09-Jul, Sri Chakra Cement Ltd is experiencing a price increase, with its current price at Rs. 43.05, reflecting a rise of 0.84 or 1.99%. The stock has hit a new 52-week high today and has been on a positive trajectory, gaining for the last 21 consecutive days, resulting in a total return of 51.16% during this period. Additionally, the stock has significantly outperformed its sector by 1.65% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 241.41% compared to the 5-day average, suggesting heightened interest and liquidity in the stock.
In the broader market context, Sri Chakra Cement's performance over the past week shows a remarkable return of 10.36%, significantly outpacing the Sensex, which only increased by 0.15%. Over the past month, the stock has surged by 54.14%, while the benchmark index has risen by just 1.32%. Year-to-date, Sri Chakra Cement has achieved an extraordinary return of 1204.55%, compared to the Sensex's 6.91%. This stark contrast highlights the stock's exceptional performance relative to the broader market, reinforcing the positive sentiment surrounding the company.