Why is Umiya Buildcon falling/rising?

As of 16-Oct, Umiya Buildcon Ltd's stock price is rising, currently at Rs. 106.05, reflecting an increase of Rs. 8.5 or 8.71%. The stock has recently hit a new 52-week high of Rs. 111.1 and has outperformed its sector by 9.02%. It has been on a consecutive gain streak for the last two days, accumulating a total return of 11.69% during this period. Additionally, the stock has shown strong performance over various time frames, with a year-to-date return of 32.53% compared to the Sensex's 6.82%. The stock is also trading above its moving averages across multiple time frames, indicating a bullish trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 35.97% against the 5-day average.
In the broader market context, Umiya Buildcon's short-term performance has significantly outpaced the benchmark Sensex, which only gained 1.58% over the past week compared to the stock's impressive 23.24% increase. This strong relative performance suggests that investor sentiment towards Umiya Buildcon is particularly positive, likely driven by favorable market conditions and increased trading activity. The liquidity of the stock, being sufficient for trades of Rs. 0.09 crore, further supports its rising price trend. Overall, the combination of strong stock performance, positive investor sentiment, and favorable trading conditions contributes to the upward movement of Umiya Buildcon's stock price.