Why is Sunlite falling/rising?

As of 23-Jun, Sunlite Recycling Industries Ltd is experiencing a price increase, currently at 171.00, which reflects a rise of 5.15 or 3.11%. The stock has shown strong performance today, outperforming its sector by 2.56%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has also seen a significant increase in investor participation, with delivery volume rising by 114.29% compared to the 5-day average. Over the past week, the stock has gained 6.21%, and in the last month, it has surged by 25.27%, showcasing its strong momentum relative to the benchmark Sensex, which has only increased by 0.10% and 0.48% over the same periods.
In the broader market context, Sunlite's performance stands out as it has significantly outpaced the Sensex in both the short-term and year-to-date returns, with a year-to-date increase of 13.25% compared to the Sensex's 5.61%. This strong performance may be attracting more investors, contributing to the rising stock price. The liquidity of the stock, based on 2% of the 5-day average traded value, indicates that it is liquid enough for trading, further supporting its upward movement. Overall, the combination of strong returns, increased investor interest, and favorable trading conditions has contributed to the stock's rise.