Why is Sunlite Recycli. falling/rising?

As of 03-Nov, Sunlite Recycling Industries Ltd is experiencing a price increase, currently at Rs. 218.20, reflecting a rise of Rs. 15.35 or 7.57%. The stock has recently hit a new 52-week and all-time high of Rs. 222.8, indicating strong upward momentum. It has outperformed its sector by 6.41% today and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 303.33% compared to the 5-day average. Unfortunately, the Positive and Negative Factors section is not available to provide further insights into the underlying reasons for this movement.
Broader Market Context: In the context of the broader market, Sunlite Recycling's performance over the past week shows a return of +15.73%, while the Sensex has declined by 0.78%. Over the past month, the stock has gained +26.71%, significantly outperforming the Sensex's +3.49% return. Year-to-date, Sunlite Recycling has achieved a return of +44.50%, compared to the Sensex's +8.96%. This strong performance relative to the benchmark indicates that investor sentiment towards Sunlite Recycling is positive, contributing to its rising stock price amidst a generally weaker market environment.