Why is Aerpace Indus falling/rising?

As of 03-Sep, Aerpace Industries Ltd is experiencing a price increase, currently at Rs 24.36, reflecting a rise of Rs 1.16 or 5.0%. The stock has shown strong performance today, outperforming its sector by 1.75% and has gained consecutively over the last two days, with a total return of 10.23% during this period. It opened with a significant gain of 3.45% and reached an intraday high of Rs 24.36. However, despite these positive movements, the stock has a year-to-date decline of 46.66%, indicating a challenging longer-term performance, although it has surged by 2058.85% over the past three years. The stock's moving averages are higher than the 5, 20, 50, and 100-day averages but remain lower than the 200-day average. Notably, there has been a decline in investor participation, with delivery volume falling by 11.16% against the 5-day average, which could impact future price movements.
In the broader market context, Aerpace Industries Ltd's short-term performance over the past week shows a slight decline of 0.16%, while the benchmark Sensex has also decreased by 0.27%. However, over the past month, Aerpace has outperformed the Sensex, gaining 6.05% compared to the benchmark's negligible change of -0.04%. This indicates that while the stock is currently rising, it is essential to consider its significant year-to-date decline in relation to the overall market, which has seen a positive return of 3.11%. The recent gains in the Steel/Sponge Iron/Pig Iron sector, which rose by 3.26%, may also be contributing to the stock's upward movement, suggesting a sector-wide positive sentiment that could be benefiting Aerpace Industries Ltd.