Why is Vivid Mercantile falling/rising?

As of 15-Oct, Vivid Mercantile Ltd's stock price is currently at 6.38, reflecting an increase of 0.17 or 2.74%. The stock has been performing well recently, gaining for the last three consecutive days and achieving a notable return of 15.79% over this period. Additionally, the stock has outperformed the benchmark Sensex over the past week with a return of 16.00% compared to the Sensex's 1.02%. The stock's current price is higher than its 5-day, 20-day, and 50-day moving averages, indicating positive momentum. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 133.16% against the 5-day average, suggesting strong demand for the stock.
In the broader market context, Vivid Mercantile's recent performance is particularly impressive when compared to the Sensex, which has only gained 1.02% over the past week. The construction and real estate sector, in which Vivid Mercantile operates, has also seen a positive movement, gaining 2.6%. While the stock has underperformed on a yearly basis with a decline of 4.06%, its substantial gains over the past three years at 72.67% indicate a strong long-term growth trajectory. Overall, the combination of rising investor interest and favorable sector performance has contributed to the stock's upward movement.