Why is Ashapura Logi. falling/rising?

As of 30-Oct, Ashapura Logistics Ltd is experiencing a price increase, with its current price at 72.95, reflecting a rise of 4.2 (6.11%). The stock has shown a strong performance today, outperforming its sector by 6.69%. Additionally, the stock's delivery volume has increased by 17.65% compared to the 5-day average, indicating rising investor participation. While the stock has underperformed over the longer term, with a year-to-date decline of 19.84% and a one-year drop of 26.42%, its recent movement suggests a positive shift in sentiment, particularly in the short term.
In the broader market context, the stock's short-term return of +7.28% over the past week contrasts sharply with the Sensex, which has remained nearly flat at -0.05%. This indicates that Ashapura Logistics Ltd is gaining traction relative to the broader market, despite its longer-term struggles. The stock's performance is further supported by its current trading liquidity, which is adequate for trade sizes, suggesting that investor confidence may be improving. Overall, while the stock has faced challenges in the past, recent developments indicate a potential turnaround in its market perception.