Why is Viaz Tyres falling/rising?

As of 24-Jul, Viaz Tyres Ltd is experiencing a price increase, currently trading at 65.00, which reflects a rise of 1.5 or 2.36%. The stock has shown strong performance in the short term, with a weekly return of +10.45% and a monthly return of +20.37%, significantly outperforming the Sensex, which has seen a slight decline of -0.20% over the same week and a marginal increase of +0.07% over the month. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. There has also been a notable increase in investor participation, with delivery volume rising by 47.06% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Viaz Tyres' strong short-term performance contrasts sharply with the Sensex, which has struggled to gain traction recently. While the stock has a year-to-date return of -3.20%, it has outperformed the benchmark over the past year with a return of +14.04% compared to the Sensex's +2.66%. This indicates that despite some longer-term challenges, Viaz Tyres is currently benefiting from positive momentum and investor interest, contributing to its rising stock price. There are no specific positive or negative factors available to further elucidate the reasons behind this movement.