Why is Sunlite Recycli. falling/rising?

As of 17-Nov, Sunlite Recycling Industries Ltd is experiencing a price increase, with its current price at 259.85, reflecting a rise of 12.35 or 4.99%. The stock has outperformed its sector by 5.33% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 31.69% against the 5-day average. Despite the lack of specific positive or negative factors available, the overall performance metrics suggest a robust interest in the stock, contributing to its recent price rise.
In the broader market context, Sunlite Recycling's short-term return of 5.91% over the past week significantly outpaces the Sensex's return of 1.72% during the same period. This trend is consistent with the stock's impressive performance over the last month, where it has gained 46.77% compared to the Sensex's 1.18%. The year-to-date return of 72.09% further emphasizes the stock's strong performance relative to the market, which has only seen a 10.02% increase. This combination of strong stock performance and favorable comparisons to the benchmark indicates a positive sentiment surrounding Sunlite Recycling Industries Ltd.