Why is Ceenik Exports falling/rising?

As of 24-Sep, Ceenik Exports (India) Ltd is experiencing a rise in its stock price, currently at Rs 404.95, which reflects an increase of Rs 19.25 or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.42% and has been on a consecutive gain streak for the last three days, accumulating a total return of 15.73% during this period. Additionally, the stock opened with a gain of 4.72% and reached an intraday high of Rs 404.95. Despite these positive movements, there has been a notable decline in investor participation, with delivery volume dropping by 42.02% against the 5-day average, which may indicate a cautious sentiment among investors. The stock's high dividend yield of 3.46% could also be contributing positively to its appeal.
In the broader market context, Ceenik Exports has significantly outperformed the benchmark Sensex over the past week, with a return of +20.13% compared to the Sensex's -1.18%. However, the stock's year-to-date performance remains concerning, with a decline of 69.32%, while the Sensex has gained 4.58% during the same period. This stark contrast highlights the stock's volatility and potential recovery in the short term, despite its long-term struggles reflected in the one-year and year-to-date returns. Overall, while the stock is currently rising, the broader market dynamics and declining investor participation suggest a complex situation that investors should monitor closely.