Why is Sunita Tools Ltd falling/rising?

As of 30-Sep, Sunita Tools Ltd is experiencing a price increase, currently at Rs 879.00, which reflects a rise of 41.85 or 5.0%. The stock has shown strong performance recently, gaining 22.47% over the past week and 29.12% over the last month. It has been on a consecutive gain streak for five days, with today's trading opening up by 4.4% and reaching an intraday high of Rs 879. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 107.95% compared to the 5-day average, suggesting heightened interest and confidence in the stock.
In the broader market context, Sunita Tools Ltd has significantly outperformed the Sensex, which has declined by 2.23% over the past week while the stock itself has risen by 22.47%. This stark contrast highlights the stock's strength relative to the market. Year-to-date, Sunita Tools Ltd has also outperformed the benchmark, with a return of 9.38% compared to the Sensex's 2.72%. Overall, the combination of strong stock performance, increased investor interest, and favorable comparisons to the broader market contributes to the rising price of Sunita Tools Ltd.