Why is Triliance Poly falling/rising?

As of 06-Oct, Triliance Polymers Ltd is experiencing a price increase, with the current price at Rs. 102.02, reflecting a change of 4.72 (4.85%) upwards. The stock has been on a positive trajectory, gaining for the last eight days and achieving a remarkable 34.68% return during this period. Today, it reached a new 52-week and all-time high of Rs. 102.16, outperforming its sector by 4.88%. Despite opening with a loss of 4.93%, the stock has shown resilience, trading above its moving averages across various time frames. However, there has been a notable decline in investor participation, with delivery volume dropping by 23.26% against the five-day average, which may indicate some caution among investors.
In the broader market context, Triliance Polymers Ltd has significantly outperformed the Sensex, with a one-week return of 21.35% compared to the benchmark's 1.77%. Over the past month, the stock has risen by 48.09%, while the Sensex has only increased by 1.34%. This stark contrast highlights the stock's strong performance relative to the market, contributing to its upward price movement. The substantial gains over the past year and three years further emphasize the stock's robust growth trajectory, suggesting that investor sentiment remains positive despite the recent dip in trading volume.