Why is Alphageo (India) falling/rising?

As of 23-Oct, Alphageo (India) Ltd is experiencing a price increase, currently at 263.15, which reflects a rise of 14.3 or 5.75%. The stock has been gaining momentum, having outperformed its sector by 6.76% today and achieving a consecutive gain over the last three days with a total return of 7.8% in that period. It reached an intraday high of Rs 285, indicating strong upward movement. However, despite this positive performance, there has been a notable decline in investor participation, with delivery volume falling by 56.98% against the five-day average. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. The high dividend yield of 3.23% at the current price may also contribute positively to investor sentiment.
In the broader market context, Alphageo's short-term performance over the past week shows a return of 6.04%, significantly outperforming the Sensex, which only increased by 1.30% in the same period. However, the stock has struggled year-to-date, with a decline of 40.33%, while the Sensex has risen by 8.21%. This stark contrast highlights the stock's volatility and challenges in the longer term, despite its recent gains. The high volatility observed today, with an intraday fluctuation of 6.38%, suggests that while there is short-term excitement, the stock's overall trend remains uncertain amidst fluctuating investor interest.