Why is Aik Pipes & Poly falling/rising?

As of 24-Jun, Aik Pipes & Polymers Ltd is experiencing a price increase, currently at Rs 75.10, reflecting a rise of Rs 2.1 or 2.88%. The stock has shown strong performance today, outperforming its sector by 2.63% and achieving a consecutive gain over the last three days, with a total return of 24.13% during this period. Additionally, the stock reached an intraday high of Rs 77.99, indicating significant upward momentum. The recent increase in delivery volume, which surged by 400% compared to the 5-day average, suggests rising investor participation, contributing positively to the stock's recent movement. However, the stock's longer-term performance remains concerning, with a year-to-date decline of 32.43% and a one-year drop of 40.40%.
In the broader market context, Aik Pipes & Polymers Ltd has outperformed the Sensex in the short term, with a one-week return of 14.92% compared to the Sensex's 0.58%. Despite this short-term outperformance, the stock's longer-term returns are significantly lagging behind the benchmark, as evidenced by its negative performance over the past month and year. The stock's current price movement appears to be driven by short-term trading dynamics and increased investor interest, contrasting with its overall downward trend in the longer time frames.