Why is Arunjyoti Bio falling/rising?

As of 08-Oct, Arunjyoti Bio Ventures Ltd is experiencing a price increase, currently at 10.01, which reflects a rise of 0.47 or 4.93%. The stock has shown strong performance recently, with a consecutive gain over the last two days resulting in a total return of 10.12%. Additionally, the stock has outperformed its sector by 5.47% today. Over the past week, it has increased by 4.16%, and in the last month, it has surged by 35.64%. Notably, the stock's delivery volume has risen by 35.75% compared to the five-day average, indicating increased investor participation. However, the stock remains down 50.40% year-to-date and 15.81% over the past year, suggesting a challenging longer-term performance.
In the broader market context, the Sensex has increased by 0.98% over the past week and 1.22% over the last month, indicating that while Arunjyoti Bio is outperforming the benchmark in the short term, it has struggled significantly year-to-date compared to the Sensex's 4.65% gain. The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average, which may suggest a potential upward trend in the short term despite its longer-term challenges.