Why is Triliance Poly falling/rising?

As of 01-Oct, Triliance Polymers Ltd is experiencing a price increase, currently at Rs 92.68, reflecting a rise of Rs 4.41 or 5.0%. The stock has been on an upward trend, gaining for the last six consecutive days and achieving a total return of 22.35% during this period. It opened with a gain of 5% today and is only 2.49% away from its 52-week high of Rs 94.99. Additionally, the stock has significantly outperformed its sector by 3.7% today. The stock is trading above all its moving averages, indicating strong momentum, and there has been a notable increase in investor participation, with delivery volume rising by 481.54% compared to the 5-day average.
In the broader market context, Triliance Polymers Ltd has outperformed the Sensex, which has seen a decline of 0.90% over the past week, while Triliance's stock has surged by 19.96% in the same timeframe. Over the past month, the stock has risen by 35.87%, contrasting with the Sensex's modest gain of 0.77%. This strong performance relative to the benchmark suggests robust investor confidence in Triliance Polymers Ltd, contributing to its rising stock price amidst a generally less favorable market environment.