Why is Sunlite Recycli. falling/rising?

As of 27-Oct, Sunlite Recycling Industries Ltd is experiencing a price increase, currently at Rs 188.55, which reflects a rise of Rs 8.55 or 4.75%. The stock has shown strong performance today, outperforming its sector by 5.16%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock is close to its 52-week high, being only 4.48% away from Rs 197. The stock has delivered a return of 9.94% over the past week and 24.87% year-to-date, significantly outperforming the Sensex, which has returned 0.48% and 9.82% respectively during the same periods. There is no information available regarding positive or negative factors that could influence the stock's movement.
Broader Market Context: In the context of the broader market, Sunlite Recycling's short-term performance has been notably strong compared to the Sensex. The stock's 1-week return of 9.94% far exceeds the Sensex's return of 0.48%, highlighting its robust performance relative to the market. This trend suggests that investor sentiment towards Sunlite Recycling is favorable, contributing to its rising stock price amidst a generally stable market environment.