Why is Eighty Jewellers falling/rising?

As of 11-Nov, Eighty Jewellers Ltd is experiencing a price increase, currently at Rs 29.49, which reflects a rise of Rs 2.34 or 8.62%. The stock has shown a strong performance today, outperforming its sector by 8.36% and opening with a significant gain of 8.66%. It reached an intraday high of Rs 29.5, although it has traded within a narrow range of Rs 0.01. Despite a negative trend over the past month and year, with returns of -7.84% and -35.60% respectively, there has been a notable increase in investor participation, as evidenced by an 11.11% rise in delivery volume on November 6 compared to the 5-day average. The stock is currently trading higher than its 5-day moving averages, although it remains below the longer-term moving averages.
In the broader market context, Eighty Jewellers' short-term performance of +3.11% over the past week significantly outpaces the Sensex, which has only increased by 0.49% during the same period. However, the stock's year-to-date decline of -37.19% contrasts sharply with the Sensex's gain of +7.34%, indicating that while the stock is currently experiencing a positive movement, it has struggled significantly over a longer timeframe. The erratic trading pattern, with the stock not trading on 4 out of the last 20 days, may also contribute to its volatility and investor sentiment.