Why is Ceeta Industries falling/rising?

As of 23-Oct, Ceeta Industries Ltd is experiencing a price increase, currently at Rs 40.80, which reflects a rise of 1.19 or 3.0%. Today's price summary indicates that the stock opened lower, down by 4.06%, but managed to reach an intraday high of Rs 40.80, showing a recovery of 3%. The stock has outperformed its sector by 2.44%, and there has been a notable increase in delivery volume, which rose by 42.93% compared to the 5-day average. However, the stock is still lower than its 50-day, 100-day, and 200-day moving averages, indicating some challenges in maintaining upward momentum. The year-to-date performance shows a decline of 17.16%, and the one-year return is down by 19.97%, suggesting that while there are short-term gains, the long-term trend remains negative.
In the broader market context, Ceeta Industries has outperformed the Sensex in the short term, with a 1-week return of 3.29% compared to the Sensex's 1.30%. This indicates that the stock is gaining traction relative to the overall market. However, the year-to-date performance of Ceeta Industries is significantly worse than the Sensex, which has increased by 8.21% during the same period. This disparity highlights the stock's recent volatility and the challenges it faces in recovering from its previous losses, despite some positive short-term movements.