Why is TVS Elec. falling/rising?

As of 18-Sep, TVS Electronics Ltd is experiencing a significant rise in its stock price, currently at Rs 510.10, reflecting an increase of Rs 85.0 or 20.0%. The stock has shown strong performance today, outperforming its sector by 20.32% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 510.1, and despite a wide trading range of Rs 89.8, it is trading above all key moving averages, indicating a bullish trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 22.15% compared to the 5-day average, suggesting growing interest in the stock.
In the broader market context, TVS Electronics has significantly outperformed the benchmark Sensex over various periods, including a 22.96% increase over the past week compared to the Sensex's 1.80% rise. This trend of outperformance is consistent across multiple time frames, with the stock achieving a 29.11% increase over the past month versus the Sensex's 2.14%. Such strong relative performance indicates that investor sentiment towards TVS Electronics is robust, contributing to its rising stock price amidst a generally stable market environment.