Why is Sunil Industries falling/rising?

As of 10-Jun, Sunil Industries Ltd is experiencing a rise in its stock price, currently at Rs 88.25, reflecting an increase of Rs 4.2 or 5.0%. The stock has shown strong performance today, outperforming its sector by 4.75% and has been on a consecutive gain for the last two days, with a total return of 10.24% during this period. It opened with a gain of 5% and reached an intraday high of Rs 88.25. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Positive financial results, including a 48.66% growth in net sales and a higher profit after tax, along with a favorable valuation compared to peers, contribute to the stock's upward movement. The technical indicators also suggest a bullish sentiment, although there has been a notable decline in investor participation, with delivery volume dropping by 80% against the 5-day average.
In the broader market context, Sunil Industries has significantly outperformed the Sensex, with a 1-week return of 17.28% compared to the benchmark's 2.05%, and a year-to-date return of 30.74% versus the Sensex's 5.44%. This strong performance relative to the benchmark highlights the stock's resilience and attractiveness to investors. The overall market sentiment appears to favor Sunil Industries, as evidenced by its solid returns over various periods, reinforcing the stock's bullish outlook despite the recent drop in trading volume.