Why is Archies falling/rising?

As of 24-Sep, Archies Ltd's stock price is rising, currently at Rs 21.81, reflecting an increase of Rs 1.32 or 6.44%. The stock has shown strong performance recently, gaining for the last four consecutive days and achieving a total return of 12.6% during this period. It has outperformed its sector by 6.63% today and reached an intraday high of Rs 24.3, which is an increase of 18.59%. Additionally, Archies is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has also seen a rise in investor participation, with delivery volume increasing by 7.67% compared to the 5-day average, suggesting growing interest among investors.
In the broader market context, Archies Ltd's short-term performance has significantly outpaced the benchmark Sensex, which has declined by 1.18% over the past week while Archies has risen by 10.49%. Over the last month, Archies has gained 12.42%, contrasting with the Sensex's modest increase of 0.50%. Despite a year-to-date decline of 11.38% compared to the Sensex's gain of 4.58%, the recent upward momentum indicates a potential recovery phase for the stock. Overall, the combination of positive short-term performance, increased trading activity, and favorable moving averages contributes to the stock's rising price.