Why is Dev Labtech falling/rising?

As of 04-Jul, Dev Labtech Venture Ltd's stock price is currently at Rs 65.00, reflecting an increase of Rs 2.21 or 3.52%. The stock has been gaining momentum, having outperformed its sector by 2.75% today and achieving a consecutive gain over the last two days with a total return of 6.21% during this period. Additionally, the stock's performance over the past week shows a positive return of 6.56%, while it has experienced a decline of 15.58% year-to-date and 38.62% over the past year. Notably, the stock's trading volume has increased significantly, with delivery volume rising by 85.9% compared to the five-day average, indicating rising investor participation.
In the broader market context, while Dev Labtech's recent short-term performance has been strong, the benchmark Sensex has seen a decline of 0.74% over the past week and a gain of 3.01% over the past month. This suggests that while the stock is currently experiencing positive momentum, it has struggled in the longer term compared to the benchmark, as evidenced by its year-to-date and one-year returns. The stock's moving averages indicate that it is performing better than its shorter-term averages but remains below its 200-day moving average, which may suggest potential volatility ahead. Overall, the stock's recent rise can be attributed to increased trading activity and positive short-term performance, despite its longer-term challenges.