Why is Aro Granite Inds falling/rising?

As of 24-Oct, Aro Granite Industries Ltd is experiencing a price increase, currently at Rs 37.83, reflecting a change of 2.32 (6.53%) upwards. Despite opening the day with a loss of 4.22%, the stock reached an intraday high of Rs 40.99, showcasing significant volatility with a wide trading range of Rs 6.98. Over the past week, the stock has outperformed its sector by 6.94%, although it has shown a decline of 2.58% over the past month and a substantial decrease of 19.77% year-to-date. Additionally, the stock's delivery volume has decreased by 44.75% compared to the five-day average, indicating falling investor participation, which may contribute to the stock's fluctuating performance.
In the broader market context, Aro Granite's recent performance contrasts sharply with the Sensex, which has gained 0.31% over the past week. While the stock has shown a positive short-term return, its longer-term performance remains concerning, with a year-over-year decline of 26.69% compared to the Sensex's increase of 5.18%. This disparity highlights the challenges Aro Granite faces in regaining investor confidence, particularly as it trades below its longer-term moving averages, despite recent upward movements.