Why is Allied Digital falling/rising?

As of 06-Oct, Allied Digital Services Ltd is experiencing a price increase, currently at Rs 201.45, reflecting a rise of Rs 4.3 or 2.18%. The stock has shown a strong performance recently, gaining 13.27% over the past week and 22.05% over the last month. It has been on an upward trend for the last four days, with today's intraday high reaching Rs 204.5. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive momentum. The rising investor participation is also notable, with delivery volume increasing by 154.66% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Allied Digital's short-term return of 13.27% over the past week significantly outperforms the Sensex, which has only gained 1.77% in the same period. This indicates that the stock is not only performing well relative to its historical benchmarks but is also benefiting from a favorable sector performance, as the IT - Software sector has risen by 2.15%. Despite a year-to-date decline of 14.28% and a 1-year drop of 23.55%, the recent gains and positive trading indicators suggest a recovery phase for the stock, driven by strong sector performance and increased investor interest.