Why is Addi Industries falling/rising?

As of 19-Aug, Addi Industries Ltd's stock price is currently at 119.45, reflecting an increase of 4.0, or 3.46%. The stock has shown a trend reversal by gaining after two consecutive days of decline, despite opening with a loss of 2.99% today. It reached an intraday high of Rs 120.5, indicating positive momentum within the trading day. The stock has performed well over the past month, with a return of 20.93%, and has significantly outperformed the benchmark Sensex, which has seen a slight decline of 0.14%. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 115.1% against the 5-day average, suggesting renewed interest in the stock.
Broader Market Context: In the short term, Addi Industries' stock has underperformed the Sensex over the past week, with a decline of 2.09% compared to the benchmark's gain of 1.76%. However, the stock's year-to-date performance is impressive, with a return of 185.36%, significantly outpacing the Sensex's 4.49% increase. This strong year-to-date performance, coupled with rising investor participation and a positive day-to-day movement, indicates a favorable outlook for Addi Industries amidst a generally stable market environment.