Why is Eco Recyc. falling/rising?

As of 09-Oct, Eco Recycling Ltd's stock price is rising, currently at 619.85, reflecting a change of 72.8, or 13.31%. The stock has shown a significant performance today, outperforming its sector by 12.44% and marking a trend reversal after four consecutive days of decline. It reached an intraday high of Rs 639, indicating strong upward momentum. Additionally, the stock has experienced high volatility with an intraday volatility of 7.49%, and there has been a notable increase in investor participation, with delivery volume rising by 21.69% compared to the five-day average. However, the stock's year-to-date performance remains negative at -36.16%, despite a remarkable increase of 464.27% over the past three years.
In the broader market context, Eco Recycling Ltd's short-term return of +6.65% over the past week significantly outpaces the Sensex's return of +1.47% during the same period. This indicates that the stock is gaining traction relative to the broader market, which may be contributing to its recent price increase. Despite the stock's poor performance over the longer term, the current positive momentum and increased trading activity suggest a potential recovery phase, aligning with the overall market sentiment that has been more favorable recently.