Why is Chandni Machines falling/rising?

As of 08-Oct, Chandni Machines Ltd is experiencing a price increase, currently at Rs 39.70, reflecting a rise of Rs 1.52 or 3.98%. The stock has shown strong performance recently, gaining 19.76% over the past week and 19.04% over the past month. Today, it opened with a significant gap up of 12.34% and reached an intraday high of Rs 42.89. The stock has been on a consecutive gain streak for four days, indicating positive momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 136.56% compared to the 5-day average. However, the stock remains lower than its 200-day moving average, suggesting some long-term challenges despite the recent gains.
In the broader market context, Chandni Machines has significantly outperformed the Sensex, which only increased by 0.98% over the past week. This stark contrast highlights the stock's strong short-term performance relative to the benchmark. While the stock has faced a decline of 31.96% year-to-date and 47.58% over the past year, its recent upward trend indicates a potential recovery phase. The high volatility observed today, with an intraday volatility of 5.67%, further emphasizes the dynamic trading environment surrounding the stock, which could be attracting more speculative interest.