Why is Chandni Machines falling/rising?

As of 24-Oct, Chandni Machines Ltd is experiencing a significant rise in its stock price, currently at Rs 56.17, reflecting an increase of 9.36 or 20.0%. The stock has shown impressive performance today, outperforming its sector by 21.22% and achieving consecutive gains for the last seven days, resulting in a total return of 63.9% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 1592.17% against the 5-day average, contributing positively to the stock's momentum. Unfortunately, the Positive and Negative Dashboard data is unavailable, which limits a comprehensive analysis of other influencing factors.
In the broader market context, the stock's short-term performance over the past week has been exceptionally strong, with a return of 59.21%, significantly outpacing the Sensex, which only increased by 0.31% during the same period. This stark contrast highlights the stock's robust recovery and investor interest compared to the overall market. While the year-to-date performance shows a decline of 3.74% against the Sensex's gain of 7.77%, the recent surge suggests a potential turnaround for Chandni Machines Ltd, driven by positive market sentiment and strong trading activity.