Why is Addi Industries falling/rising?

As of 26-Aug, Addi Industries Ltd is experiencing a price increase, currently at Rs 117.60, reflecting a rise of Rs 5.6 or 5.0%. Today's price summary indicates that the stock has outperformed its sector by 7.57% and has gained after three consecutive days of decline. The stock reached an intraday high of Rs 117.6, although it also saw a low of Rs 106.4, indicating high volatility with an intraday fluctuation of 5%. Over the past month, the stock has shown a positive return of 7.99%, significantly outperforming the benchmark Sensex, which has declined by 0.83%. However, there has been a notable decrease in investor participation, with delivery volume falling by 41.38% compared to the five-day average.
Broader Market Context: In the context of the broader market, Addi Industries' short-term performance contrasts with the Sensex, which has seen a slight decline. While the stock has risen in the short term, the textile sector overall has fallen by 2.54%, suggesting that the stock's rise may be driven by company-specific factors rather than sector-wide trends. Additionally, despite the stock trading above its longer-term moving averages, it remains below the shorter-term averages, indicating mixed signals in terms of momentum. The liquidity of the stock appears adequate for trading, but the significant drop in delivery volume could indicate a potential concern for sustained interest from investors.