Why is Subam Papers falling/rising?

As of 06-Oct, Subam Papers Ltd is experiencing a price increase, currently at Rs 150.00, which reflects a rise of Rs 2.35 or 1.59%. The stock has shown strong performance recently, gaining 11.94% over the last five days and outperforming its sector by 3.19% today. It reached an intraday high of Rs 152, indicating positive momentum, although it also saw a low of Rs 140.6 during the day. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 96.13% against the 5-day average, indicating heightened interest in the stock.
In the broader market context, Subam Papers has outperformed the benchmark Sensex over the past week, with a return of 7.18% compared to the Sensex's 1.77%. Over the past month, the stock has also shown a substantial gain of 18.58%, while the Sensex has only increased by 1.34%. This strong performance relative to the benchmark highlights the stock's positive momentum and investor confidence, contributing to its rising price. Overall, the combination of strong recent returns, increased trading volume, and favorable moving averages supports the upward movement of Subam Papers Ltd's stock price.