Why is Artemis Electri. falling/rising?

As of 16-Oct, Artemis Electricals & Projects Ltd is experiencing a price increase, currently at Rs 24.76, which reflects a rise of 1.21 or 5.14%. The stock has shown a positive performance today, outperforming its sector by 4.05% and marking a trend reversal after three consecutive days of decline. It reached an intraday high of Rs 25.9, indicating significant volatility with an intraday fluctuation of 5.67%. Additionally, the stock's delivery volume has increased by 32.51% compared to the 5-day average, suggesting rising investor participation. However, the stock remains lower than its 20-day, 50-day, and 100-day moving averages, despite being above the 5-day and 200-day moving averages.
In the broader market context, Artemis Electricals has outperformed the Sensex over the past week with a return of +2.87% compared to the benchmark's +1.58%. However, the stock has underperformed over the longer term, with a year-to-date decline of -7.61% against the Sensex's +6.82%. This indicates that while there is a short-term positive momentum, the stock has struggled in the longer time frames, reflecting mixed investor sentiment. Overall, the recent upward movement can be attributed to a combination of short-term recovery and increased trading activity, despite the longer-term challenges it faces.