Why is Chowgule Steam falling/rising?

As of 01-Oct, Chowgule Steamships Ltd is experiencing a price increase, with its current price at Rs 23.75, reflecting a change of 1.9 or 8.7% upward. The stock has shown a strong performance today, outperforming its sector by 8.38% and reaching an intraday high of Rs 26.19, which is a significant rise of 19.86%. However, it has also exhibited high volatility with an intraday volatility of 8.9%. In terms of returns, the stock has increased by 3.04% over the past week and 3.76% over the past month, contrasting with the Sensex, which has declined by 0.90% and increased by only 0.77% respectively. Notably, the stock's performance over the year remains negative at -10.21%, but it has shown impressive growth over longer periods, with a 540.16% increase over the past five years.
In the broader market context, Chowgule Steamships Ltd's recent short-term performance has significantly outpaced the benchmark Sensex, which indicates a favorable sentiment towards the stock relative to the overall market. Despite the positive short-term returns, the stock has faced a decline in investor participation, with delivery volume falling by 12.02% against the five-day average, which could suggest a potential concern for sustained interest. Additionally, while the stock is trading above its shorter-term moving averages, it remains below its longer-term averages, indicating mixed signals about its future trajectory. Overall, the stock's recent rise can be attributed to strong short-term performance and volatility, despite underlying concerns regarding investor participation and longer-term trends.