Why is Chowgule Steam falling/rising?

As of 16-Oct, Chowgule Steamships Ltd's stock price is currently at Rs 24.10, reflecting an increase of Rs 1.15, or 5.01%. The stock has been gaining momentum, having risen consecutively for the last three days with a total return of 7.73% during this period. Today, it opened with a significant gain of 14.03% and reached an intraday high of Rs 26.17. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume falling by 51.85% compared to the five-day average, indicating a potential concern regarding sustained interest in the stock. The stock's performance over the past week shows a return of 4.65%, outperforming the Sensex, which gained 1.58%.
In the broader market context, Chowgule Steamships Ltd's short-term performance is strong compared to the benchmark, as it has outperformed the Sensex over the past week and month. However, the stock's year-to-date performance remains negative at -16.90%, contrasting with the Sensex's positive return of 6.82%. This suggests that while the stock is experiencing a short-term rally, it has struggled significantly over the longer term. The stock's volatility today, measured at 6.21%, indicates a turbulent trading environment, which could be influencing investor sentiment and participation levels.