Why is Swaraj Suiting falling/rising?

As of 04-Nov, Swaraj Suiting Ltd is experiencing a price increase, with its current price at 208.30, reflecting a rise of 13.15 or 6.74%. The stock has shown strong performance today, outperforming its sector by 7.82%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The delivery volume has also seen a significant increase of 40.63% compared to the 5-day average, suggesting rising investor participation. Over the past week, the stock has gained 6.82%, while it has increased by 23.58% over the past month, contrasting with the Sensex, which has seen a decline of 1.31% in the same period.
In the broader market context, Swaraj Suiting's recent performance stands out as it has significantly outperformed the Sensex over the past week and month. While the stock is down 7.05% year-to-date and 26.63% over the past year, its remarkable 836.18% increase over the past three years highlights its long-term growth potential. The current upward movement in the stock price, coupled with strong trading activity and positive technical indicators, suggests that investor sentiment is improving, particularly in the short term, despite the broader market trends.