Why is Thomas Scott falling/rising?

As of 03-Nov, Thomas Scott India Ltd is experiencing a price increase, with the current price at Rs 426.15, reflecting a rise of Rs 28.65 or 7.21%. The stock has shown strong performance today, outperforming its sector by 5.97% and reaching an intraday high of Rs 437.25, which is a 10% increase. Over the past week, the stock has gained 10.06%, and over the last month, it has risen by 19.72%, significantly outperforming the Sensex, which has only increased by 3.41% during the same period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. There has also been a notable increase in investor participation, with delivery volume rising by 48.58% against the 5-day average, suggesting growing interest in the stock.
In the broader market context, while the Sensex has seen a slight decline of 0.94% over the past week, Thomas Scott's strong performance stands out, particularly given its year-to-date return of -7.71% compared to the Sensex's positive return of 7.47%. The significant outperformance over the past year, with a return of 98.21% against the Sensex's 5.34%, further highlights the stock's resilience and attractiveness to investors. Overall, the combination of strong recent performance, rising investor interest, and favorable comparisons to the benchmark suggests that the stock's price is rising due to positive market sentiment and robust trading activity.