Why is Conart Engineers falling/rising?

As of 17-Nov, Conart Engineers Ltd is experiencing a significant rise in its stock price, currently at 111.82, which reflects an increase of 17.3 points or 18.3%. The stock has shown strong performance today, outperforming its sector by 16.96% and has gained 21.08% over the last two days. It opened with a notable gain of 16.06% and reached an intraday high of Rs 113.42, indicating robust buying interest. Additionally, the stock has performed well over the past week and month, with returns of +22.27% and +26.46%, respectively, while it has maintained a strong position above its moving averages. However, there has been a slight decline in investor participation, with delivery volume decreasing by 0.82% against the 5-day average, which could indicate some caution among investors.
Broader Market Context: In comparison to the benchmark Sensex, which has only increased by 1.69% over the past week and 1.19% over the past month, Conart Engineers' short-term performance is significantly stronger. The stock's impressive returns over these periods highlight its relative strength in the market. Despite a year-to-date decline of 26.17%, the recent upward momentum suggests a potential recovery phase, especially given its remarkable 3-year and 5-year returns of +445.46% and +833.78%, respectively. This context indicates that while the stock has faced challenges earlier in the year, its current trajectory is positive, driven by strong short-term gains and favorable trading conditions.