Why is Colorchips New falling/rising?

As of 18-Nov, Colorchips New Media Ltd's stock price is currently at Rs 19.60, reflecting an increase of Rs 2.63 or 15.5%. The stock has shown strong performance recently, gaining 33.33% over the last two days and outperforming its sector by 16.43% today. It reached an intraday high of Rs 19.65, indicating significant upward momentum, although it also experienced a low of Rs 16.02 during the day. The stock has been highly volatile, with an intraday volatility of 10.15%, and has seen a substantial increase in delivery volume, rising by 1426.45% against the 5-day average. However, the positive and negative factors dashboard is unavailable, which limits a comprehensive analysis of other influencing elements.
Broader market context shows that Colorchips has significantly outperformed the Sensex in the short term, with a 1-week return of +31.10% compared to the Sensex's +0.96%. Over the past month, the stock has also outperformed the benchmark, gaining +35.36% against the Sensex's +0.86%. Despite this recent surge, the stock's year-to-date performance remains negative at -25.84%, contrasting with the Sensex's positive return of +8.36%. This indicates that while the stock is currently experiencing a rebound, it has faced considerable challenges over a longer time frame.