Why is BLB falling/rising?

As of 03-Nov, BLB Ltd's stock price is currently at Rs 17.53, reflecting an increase of Rs 1.07 or 6.5%. The stock has been on an upward trend, gaining for the last three days with a total return of 10.67% during this period. Today, it opened with a significant gain of 11.73% and reached an intraday high of Rs 19.39, indicating strong positive momentum. Despite this, there has been a notable decline in investor participation, with delivery volume dropping by 81.81% compared to the 5-day average. The stock is currently trading above its moving averages across various time frames, which typically signals bullish sentiment among investors.
In the broader market context, BLB Ltd has outperformed the Sensex by 5.76% today, while the Sensex itself has experienced a decline of 0.94% over the past week. This short-term outperformance highlights the stock's relative strength against the benchmark. However, over the longer term, the stock has underperformed, with a year-to-date decline of 11.87% compared to the Sensex's gain of 7.47%. The high volatility observed today, with an intraday volatility of 8.14%, suggests that while the stock is currently experiencing upward momentum, it may also be subject to fluctuations that could impact its future performance.