Why is Arcee Industries falling/rising?

As of 10-Oct, Arcee Industries Ltd's stock price is currently at 6.13, reflecting an increase of 0.29 or 4.97%. The stock has shown a strong performance today, outperforming its sector by 3.97% and achieving consecutive gains over the last two days, resulting in a total return of 10.05% during this period. Additionally, the stock's performance over the past week has been positive, with a return of 9.66%, although it has experienced a decline of 3.46% over the past month. The stock is currently trading above its 5-day, 20-day, 50-day, and 200-day moving averages, indicating a bullish trend, while it remains below the 100-day moving average. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 306.11% against the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Arcee Industries' recent performance contrasts with the benchmark Sensex, which has gained 1.59% over the past week. While the stock has outperformed the benchmark in the short term, it has lagged behind over longer periods, with a year-to-date return of 2.68% compared to the Sensex's 5.58%. The stock's erratic trading pattern, having not traded on 2 out of the last 20 days, may contribute to its volatility. Overall, the combination of rising investor participation and recent positive price movements suggests a favorable sentiment towards Arcee Industries, despite its mixed performance relative to the broader market over longer time frames.