Why is Subam Papers falling/rising?

As of 14-Nov, Subam Papers Ltd is experiencing a price increase, currently at Rs. 192.70, which reflects a rise of Rs. 9.15 or 4.99%. The stock has been on an upward trend, gaining for the last six days and achieving a total return of 31.18% during this period. It has also reached a new 52-week and all-time high today. The stock opened with a gain of 4.99% and has outperformed its sector by 4.8%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Rising investor participation is evident, with a 27.8% increase in delivery volume compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Subam Papers has significantly outperformed the benchmark Sensex over various periods, with a 1-week return of 27.53% compared to the Sensex's 1.62%, and a 1-month return of 37.50% against the Sensex's 3.09%. This strong performance relative to the benchmark indicates robust investor confidence in Subam Papers amidst a generally positive market environment. The liquidity of the stock is also favorable, as it is liquid enough for trades of Rs. 0.04 crore based on 2% of the 5-day average traded value. Overall, the combination of strong recent performance, positive investor sentiment, and favorable trading conditions contributes to the rising stock price of Subam Papers Ltd.