Why is Cochin Malabar falling/rising?

As of 17-Sep, Cochin Malabar Estates & Industries Ltd is experiencing a price increase, with its current price at Rs 161.95, reflecting a rise of Rs 9.95 or 6.55%. The stock has shown a strong performance today, outperforming its sector by 5.35%. It reached an intraday high of Rs 162, indicating positive trading momentum. Additionally, there has been a significant increase in delivery volume, which rose by 265.45% against the 5-day average, suggesting rising investor participation. However, the stock's year-to-date performance remains negative at -17.69%, and it has underperformed over the past year with a decline of -34.13%. The stock is currently trading above its 5-day and 20-day moving averages but below its longer-term moving averages, indicating mixed technical signals.
In the broader market context, Cochin Malabar's short-term return of +3.81% over the past week significantly outpaces the Sensex's return of +1.56% for the same period. This suggests that the stock is gaining traction relative to the overall market. Despite its recent gains, the stock's year-to-date performance is notably weaker than the Sensex, which has risen by 5.83% this year. The erratic trading pattern, with the stock not trading on one day out of the last 20, may also contribute to volatility in its price movements. Overall, while the stock is currently rising, its long-term performance remains a concern compared to the benchmark.