Why is STEL Holdings falling/rising?

As of 12-Nov, STEL Holdings Ltd is experiencing a price increase, with the current price at 440.00, reflecting a change of 12.05 (2.82%) upward. The stock has shown strong performance recently, outperforming its sector by 1.9% today and achieving a consecutive gain over the last two days, with a total return of 4.49% during this period. Additionally, the stock's performance over the past week and month has been impressive, with returns of +8.92% and +12.12%, respectively. The stock is currently trading above its 5-day, 20-day, 100-day, and 200-day moving averages, indicating a positive trend, although it remains below the 50-day moving average. Rising investor participation is evident, as the delivery volume has increased significantly, suggesting heightened interest in the stock.
In the broader market context, STEL Holdings has outperformed the Sensex benchmark in the short term, with a 1-week return of +8.92% compared to the Sensex's +1.21%. This strong performance relative to the benchmark indicates that investor sentiment towards STEL Holdings is favorable, contributing to its rising stock price. Despite a year-to-date return of +7.99%, which is slightly below the Sensex's +8.10%, the long-term performance remains robust, with a 3-year return of +251.16% compared to the Sensex's +36.69%. Overall, the combination of positive short-term returns, increased trading activity, and favorable comparisons to the benchmark supports the upward movement in STEL Holdings' stock price.