Why is Standard Glass falling/rising?

As of 09-Jun, Standard Glass Lining Technology Ltd is experiencing a price increase, with the current price at Rs 195.10, reflecting a rise of Rs 9.55 or 5.15%. The stock has shown strong performance today, outperforming its sector by 4.5% and reversing a trend after three consecutive days of decline. It reached an intraday high of Rs 198.4, which is a 6.93% increase. Additionally, the stock has performed well over the past week and month, with returns of +10.13% and +47.41%, respectively, compared to the Sensex's +1.32% and +3.76%. However, there has been a notable decline in investor participation, with delivery volume dropping by 60.6% against the 5-day average, indicating a potential concern for future trading activity.
Broader Market Context: In the context of the broader market, Standard Glass's short-term performance significantly outpaces the Sensex, which suggests a strong investor interest in the stock relative to the overall market. The stock's ability to trade above all key moving averages indicates a bullish trend, reinforcing its recent gains. Despite the drop in delivery volume, the stock remains liquid enough for trading, which may help sustain its upward momentum. Overall, the combination of strong recent returns and a positive trend reversal contributes to the stock's rising price.