Why is Warren Tea falling/rising?

As of 20-Aug, Warren Tea Ltd. is experiencing a rise in its stock price, currently at Rs 58.45, reflecting an increase of Rs 2.45 or 4.38%. The stock has outperformed its sector by 3.02% today, reaching an intraday high of Rs 59.15, which is a 5.63% increase. Additionally, Warren Tea is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 54.94% compared to the 5-day average. The stock's performance over the past week shows a gain of 7.84%, while its one-year return stands at 12.15%, suggesting a strong recovery in the short term despite a longer-term decline of 16.38% over three years.
In the broader market context, Warren Tea's recent performance is significantly stronger than the benchmark Sensex, which has only increased by 1.64% over the past week. This indicates that the stock is gaining traction relative to the overall market. While the year-to-date return of Warren Tea is modest at 0.36%, it still reflects a positive sentiment compared to the Sensex's 4.76% increase. The liquidity of the stock remains adequate for trading, as it is liquid enough for a trade size of Rs 0 crore based on 2% of the 5-day average traded value. Overall, the combination of positive short-term performance and relative strength against the benchmark contributes to the rising stock price of Warren Tea.