Why is Sri Chakra Cem. falling/rising?

As of 18-Jul, Sri Chakra Cement Ltd's stock price is rising, currently at Rs. 49.42, reflecting an increase of Rs. 0.96 or 1.98%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last 21 consecutive days, which has resulted in a remarkable 51.22% return during this period. Additionally, the stock has significantly outperformed its sector by 2.24%. Over the past week, it has shown a return of 10.36%, and over the past month, it has surged by 54.24%. The stock is also trading above its moving averages across various time frames, indicating strong upward momentum. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 104.71% against the 5-day average, suggesting heightened interest and liquidity in the stock.
In the broader market context, while the Sensex has experienced a decline of 0.90% over the past week, Sri Chakra Cement's performance stands in stark contrast, showcasing its strength and resilience. Year-to-date, the stock has skyrocketed by an astonishing 1397.58%, compared to the Sensex's modest gain of 4.63%. This significant outperformance highlights the stock's robust fundamentals and investor confidence, despite the overall market conditions. The absence of any negative factors in the provided data further supports the positive outlook for Sri Chakra Cement Ltd, reinforcing the reasons behind its rising stock price.