Why is Active Clothing falling/rising?

As of 19-Nov, Active Clothing Co Ltd is experiencing a significant rise in its stock price, currently at Rs 116.80, reflecting an increase of Rs 14.15 or 13.78%. The stock has outperformed its sector by 13.93% today and has shown a trend reversal after two consecutive days of decline. It reached an intraday high of Rs 118, indicating strong upward momentum. Despite high volatility with an intraday fluctuation of 6.33%, the stock has traded in a wide range of Rs 14.05. However, there is a noted decline in investor participation, with delivery volume dropping by 13.39% compared to the five-day average, which may indicate some caution among investors. The stock's performance over the past week and month shows positive returns of 8.96% and 8.25%, respectively, while its year-to-date return stands at 7.65%.
In the broader market context, the stock's short-term performance has significantly outpaced the Sensex, which only increased by 0.85% over the past week and 1.47% over the past month. This strong relative performance suggests that Active Clothing is gaining investor confidence, particularly in light of its impressive three-year return of 236.60% compared to the Sensex's 38.15%. The liquidity of the stock remains adequate for trading, which supports its recent price movement. Overall, while the stock is currently rising, the decrease in delivery volume may warrant attention as it could signal potential volatility in future trading sessions.