Why is Colinz Labs falling/rising?

As of 03-Nov, Colinz Laboratories Ltd is experiencing a price increase, currently at Rs 44.90, reflecting a rise of Rs 3.37 or 8.11%. The stock opened with a significant gain of 8.96% today and reached an intraday high of Rs 45.25. It has outperformed its sector by 6.81% today, and there has been a notable increase in investor participation, with delivery volume rising by 58.47% compared to the 5-day average. Despite a year-to-date decline of 35.64%, the stock has shown a strong performance over the last five years, with a remarkable increase of 555.47%. The absence of specific positive or negative factors in the dashboard does not detract from the stock's current upward momentum.
Broader market context indicates that while Colinz Laboratories has had a challenging year, it has recently outperformed the Sensex, which has seen a decline of 0.94% over the past week. In contrast, Colinz's stock has gained 3.46% in the same timeframe. This short-term outperformance against the benchmark suggests a positive sentiment among investors, likely driven by the stock's recent price movements and increased trading activity, despite its longer-term struggles relative to the broader market.