Why is Bikewo Green falling/rising?

As of 17-Nov, Bikewo Green Tech Ltd is experiencing a price increase, currently at 16.20, reflecting a change of 0.4 or 2.53% upward. The stock has shown a strong performance today, outperforming its sector by 0.3%. Additionally, the stock has seen a significant rise in investor participation, with a delivery volume increase of 133.33% compared to the 5-day average. Over the past week, the stock has gained 5.54%, and over the past month, it has risen by 8.36%. However, it is important to note that the stock is still down 43.55% year-to-date and 45.08% over the past year, indicating a challenging longer-term performance.
In the broader market context, Bikewo Green's recent short-term performance has outpaced the Sensex, which has only increased by 1.72% over the past week and 1.18% over the past month. This suggests that while the stock is currently gaining traction, it is doing so in a market that has been relatively stable. The stock's moving averages indicate that it is performing better than its shorter-term averages but remains below its longer-term averages, which could suggest potential volatility ahead. Overall, the recent positive momentum in Bikewo Green's stock price can be attributed to increased investor interest and short-term gains, despite its significant declines over the longer term.