Why is Virat Industries falling/rising?

As of 09-Jun, Virat Industries Ltd is experiencing a price increase, currently at Rs 494.80, which reflects a rise of Rs 31.2 or 6.73%. Despite opening the day with a loss of 2.92%, the stock reached an intraday high of Rs 495.05, indicating strong recovery momentum. The stock has shown impressive performance over various periods, with a 1-week return of 6.43% and a remarkable 1-year return of 235.91%, significantly outperforming the Sensex, which recorded a 1-year return of only 7.50%. Additionally, the stock is trading above its moving averages across multiple time frames, and there has been a notable increase in investor participation, with delivery volume rising by 103.25% compared to the 5-day average.
In the broader market context, Virat Industries has outperformed the sector by 6.26% today, indicating strong investor confidence relative to its peers. The stock's performance over the past month and year demonstrates its resilience and attractiveness to investors, especially in comparison to the Sensex's more modest gains. The liquidity of the stock remains adequate, supporting its trading activity. Overall, the combination of strong historical returns, positive investor sentiment, and robust trading metrics contributes to the stock's rising price.