Why is Visaman Global falling/rising?

As of 23-Sep, Visaman Global Sales Ltd is experiencing a price increase, currently at Rs 118.80, reflecting a rise of Rs 2.3 or 1.97%. The stock is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock is close to its 52-week high, just 4.17% away from Rs 121.25. Over the past week, Visaman has outperformed the benchmark Sensex, with a return of +2.06% compared to the Sensex's -0.28%. Year-to-date, the stock has shown remarkable growth of 176.60%, significantly outpacing the Sensex's 6.45% increase. Furthermore, there has been a notable rise in investor participation, with delivery volume increasing by 138.1% against the 5-day average, suggesting heightened interest in the stock.
In the broader market context, while Visaman Global has demonstrated strong performance, it has underperformed its sector by 0.78% today. Despite this, the stock's impressive year-on-year return of 178.55% contrasts sharply with the Sensex's decline of 2.97%, highlighting its resilience and attractiveness to investors. The liquidity of the stock remains adequate, allowing for trades of significant size, which may contribute to its upward price movement. Overall, the combination of strong historical performance, increasing investor interest, and favorable trading conditions supports the stock's rising price trend.