Why is DEE Development falling/rising?

As of 10-Jun, DEE Development Engineers Ltd is experiencing a price increase, currently at 293.35, which reflects a rise of 5.3 or 1.84%. The stock has shown strong performance today, outperforming its sector by 1.68% and has been on a consecutive gain streak for the last three days, accumulating a total return of 5.71% during this period. Additionally, the stock opened with a gain of 2.4% today and reached an intraday high of Rs 296. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 49.86% against the 5-day average, suggesting heightened interest in the stock.
In the broader market context, DEE Development's short-term return of 2.71% over the past week outpaces the Sensex's return of 2.05%, indicating that the stock is performing well relative to the benchmark. However, it is important to note that the year-to-date performance shows a decline of 4.23% compared to the Sensex's increase of 5.44%, which highlights some volatility in the stock's performance over a longer timeframe. Overall, the combination of positive short-term movements, increased investor interest, and favorable comparisons to the sector and benchmark contribute to the current rise in DEE Development's stock price.