Why is East India Drums falling/rising?

As of 23-Oct, East India Drums & Barrels Manufacturing Ltd's stock price is currently at Rs 94.60, reflecting an increase of Rs 4.3 or 4.76%. The stock has shown a strong performance today, outperforming its sector by 5.52% and has been on a consecutive gain for the last two days, accumulating a total return of 10% during this period. The stock opened with a significant gap up of 4.98% and reached an intraday high of Rs 94.8. However, it also experienced a low of Rs 85.9, indicating a wide trading range of Rs 8.9. Despite these gains, there has been a notable decline in investor participation, with delivery volume dropping by 20.98% compared to the five-day average, which may suggest some caution among investors.
In the broader market context, the stock's one-week return of +0.58% is lower than the benchmark Sensex's return of +1.30%, indicating that while the stock is rising, it is not keeping pace with the overall market. Over the past year, East India Drums has shown an extraordinary return of +1548.08%, significantly outperforming the Sensex's +5.59%. This long-term performance may be contributing to investor interest, despite the recent decline in delivery volume and liquidity concerns. Overall, while the stock is currently rising, the mixed signals regarding investor participation and market performance suggest a complex landscape for potential investors.