Why is Ceenik Exports falling/rising?

As of 23-Sep, Ceenik Exports (India) Ltd is experiencing a price increase, with the current price at Rs 385.70, reflecting a rise of Rs 18.35 or 5.0%. The stock has shown strong performance today, outperforming its sector by 5.62% and achieving a consecutive gain over the last two days, with a total return of 10.23% during this period. It opened with a gain of 5% and reached an intraday high of Rs 385.70. Additionally, the stock's delivery volume increased by 31.32% compared to the 5-day average, indicating rising investor participation. Despite a significant year-to-date decline of 70.78%, the stock has demonstrated remarkable long-term growth, with a 3-year return of 2618.11% and a 5-year return of 6141.10%. The high dividend yield of 3.63% at the current price may also contribute positively to investor sentiment.
In the broader market context, the stock's short-term performance is notably strong, with a 1-week return of +20.14%, contrasting sharply with the Sensex, which has declined by 0.34% over the same period. This indicates that Ceenik Exports is gaining traction despite the overall market conditions. However, the stock's year-to-date performance remains significantly lower than the benchmark's 5.07% increase, highlighting a challenging environment for the company. Overall, the recent positive momentum in the stock price can be attributed to strong short-term gains and increased investor interest, despite its long-term struggles.