Why is Apoorva Leasing falling/rising?

As of 17-Oct, Apoorva Leasing Finance & Investment Co Ltd's stock price is currently at Rs 37.85, reflecting an increase of 1.25 or 3.42%. The stock has shown a strong performance today, outperforming its sector by 3.46%. However, it opened with a significant loss of 4.37% and experienced a wide trading range of Rs 3.95 throughout the day, indicating high volatility with an intraday volatility of 5.49%. Despite this, the stock has performed well over the past week and month, with returns of 9.71% and 8.11%, respectively. Notably, the stock has seen a decline in investor participation, with delivery volume dropping by 54.86% against the 5-day average, which may be contributing to the erratic trading behavior observed.
Broader market context indicates that while Apoorva Leasing has outperformed the Sensex in the short term, its year-to-date performance remains significantly lower at -30.13%, compared to the Sensex's gain of 7.44%. Over the past year, however, the stock has shown resilience with a return of 16.46%, outperforming the Sensex's 3.64%. The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, but below its 200-day moving average, suggesting mixed signals regarding its long-term trend. Overall, the combination of high volatility, declining investor participation, and fluctuating performance relative to the benchmark reflects a complex situation for the stock.