Why is Welspun Special. falling/rising?

As of 27-Oct, Welspun Specialty Solutions Ltd is experiencing a price increase, currently at Rs 40.37, reflecting a rise of Rs 2.29 or 6.01%. The stock has shown strong performance today, outperforming its sector by 4.92% and has gained 8.52% over the last two days. Additionally, the stock has been trading above its moving averages for various periods, indicating a positive trend. The company reported a significant growth in operating profit of 29.12% and achieved its highest net sales in the last quarter, which has likely contributed to the positive sentiment surrounding the stock.
In the broader market context, Welspun Specialty Solutions Ltd has outperformed the Sensex over the past week and month, with returns of 5.08% and 12.05% respectively, compared to the Sensex's 0.49% and 5.41%. However, the stock has underperformed year-to-date, with a decline of 3.73% against the Sensex's gain of 8.50%. The increased investor participation, as evidenced by a 31.54% rise in delivery volume, suggests growing confidence in the stock, further supporting its upward movement.