Why is Aik Pipes & Poly falling/rising?

As of 23-Jun, Aik Pipes & Polymers Ltd is experiencing a significant rise in its stock price, currently at Rs 73.00, reflecting an increase of Rs 11.0 or 17.74%. The stock has outperformed its sector by 18.34% today and has shown consecutive gains over the last two days, accumulating a total return of 20.66% during this period. Despite the recent positive movement, the stock has had a challenging year-to-date performance, down 34.32%, and a one-year decline of 42.97%. The stock has also demonstrated high volatility today, with an intraday volatility of 8.01%, and has traded in a wide range, indicating active trading interest. Notably, investor participation has increased significantly, with delivery volume rising by 212.5% against the five-day average.
In the broader market context, the stock's short-term performance over the past week shows a return of +10.11%, significantly outperforming the Sensex, which only increased by 0.12% during the same period. This suggests that the recent price movement of Aik Pipes & Polymers Ltd is not only driven by company-specific factors but also reflects a favorable sentiment among investors compared to the overall market. However, the stock's longer-term performance remains concerning, with substantial declines over one month and year, indicating that while there is short-term momentum, the company faces ongoing challenges that could affect its future performance.