Why is Classic Filament falling/rising?

As of 23-Oct, Classic Filaments Ltd is experiencing a significant rise in its stock price, currently at Rs 26.59, reflecting an increase of Rs 4.43 or 19.99%. Today's price summary indicates that the stock has outperformed its sector by 18.72% and has shown a trend reversal after five consecutive days of decline. It opened with a notable gain of 10.11% and reached an intraday high of Rs 26.59. However, the stock also faced volatility, trading within a wide range of Rs 6.09 and touching a low of Rs 20.5. Despite the recent downturn, the stock's performance over the past month shows a positive return of 5.52%, although it remains down 11.22% year-to-date and 14.20% over the past year. There is a notable increase in investor participation, with delivery volume rising by 295.64% against the five-day average, indicating growing interest in the stock.
In the broader market context, the Sensex has gained 1.30% over the past week, while Classic Filaments Ltd has seen a decline of 10.08% in the same period, highlighting a stark contrast in performance. However, the stock's positive movement today suggests a potential recovery phase, especially as it has outperformed the sector significantly. The stock's liquidity appears sufficient for trading, which may further support its price recovery. Overall, while the stock has faced challenges in the longer term, today's performance and rising investor interest may signal a shift in sentiment towards Classic Filaments Ltd.