Why is Bondada Engineer falling/rising?

As of 24-Jun, Bondada Engineering Ltd is experiencing a price increase, currently at Rs 466.30, reflecting a rise of Rs 22.2 or 5.0%. The stock has shown strong performance today, outperforming its sector by 5.72% and opening with a gain of 2.68%. It reached an intraday high of Rs 466.3, which is a 5% increase. Over the past week, the stock has risen by 8.32%, and over the past month, it has increased by 9.70%. However, it is important to note that the stock has a year-to-date decline of 23.13% and a one-year decline of 21.94%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 31.39% against the five-day average, which may indicate some caution among investors.
In the broader market context, Bondada Engineering's recent short-term performance has significantly outpaced the Sensex, which has only increased by 0.58% over the past week and 0.41% over the past month. This contrast highlights the stock's strong rebound in the short term despite its longer-term underperformance compared to the benchmark, which has gained 5.01% year-to-date and 6.10% over the past year. The stock's current liquidity is adequate for trading, but the decline in delivery volume could suggest that while the stock is rising, there may be underlying concerns among investors regarding its long-term prospects.