Why is SRM Energy Ltd falling/rising?

As of 17-Nov, SRM Energy Ltd's stock price is currently at Rs. 28.92, reflecting an increase of Rs. 0.56 or 1.97%. The stock has recently reached a new 52-week high today and has been on a positive trajectory, gaining for the last 21 consecutive days with a total return of 50.86% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The rising investor participation is also notable, with a significant increase in delivery volume, which has risen by 83.82% against the 5-day average. There are no positive or negative factors explicitly mentioned, but the overall performance suggests a strong bullish sentiment among investors.
In the broader market context, SRM Energy Ltd has significantly outperformed the benchmark Sensex, with a 1-week return of 10.30% compared to the Sensex's 1.69%, and a remarkable 1-month return of 45.04% against the Sensex's 1.19%. This outperformance highlights the stock's strong relative strength in the market. Over the past year, SRM Energy Ltd has achieved a return of 64.32%, far exceeding the Sensex's 9.50%, further emphasizing its robust performance in comparison to the broader market trends.