Why is Conart Engineers falling/rising?

As of 11-Nov, Conart Engineers Ltd is experiencing a price increase, with its current price at Rs 98.90, reflecting a rise of Rs 7.45 or 8.15%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 7.93% today and reached an intraday high of Rs 98.90. However, the stock's delivery volume has decreased slightly, indicating falling investor participation. Over the past month, the stock has gained 8.09%, while it has seen a significant decline of 34.70% year-to-date, suggesting a volatile performance in the longer term.
In the broader market context, the Sensex has increased by 0.49% over the past week, while Conart Engineers has declined by 0.87% in the same period, indicating that the stock has underperformed relative to the benchmark recently. However, the stock's performance over the last month is notably better than the Sensex's 1.66% increase, suggesting a potential recovery phase. Despite the recent positive movement, the stock remains lower than its 50, 100, and 200-day moving averages, which could indicate ongoing challenges in regaining investor confidence.