Why is Ester Industries falling/rising?

As of 07-Oct, Ester Industries Ltd is experiencing a price increase, with its current price at 119.10, reflecting a rise of 6.7 or 5.96%. The stock has shown strong performance today, outperforming its sector by 4.67% and achieving a consecutive gain over the last two days with a total return of 6.91%. Additionally, the stock reached an intraday high of Rs 133, indicating significant volatility with an intraday fluctuation of 6.18%. In terms of returns, the stock has performed well in the short term, with a 9.97% increase over the past week, while its year-to-date performance remains negative at -21.85%. The rising investor participation, evidenced by an 8.9% increase in delivery volume, suggests growing interest in the stock. Broader Market Context: In comparison to the benchmark Sensex, which has increased by 2.07% over the past week, Ester Industries' return of 9.97% indicates a strong outperformance in the short term. However, the stock's year-to-date decline of -21.85% contrasts sharply with the Sensex's positive return of 4.85%, highlighting a challenging longer-term performance. Despite the recent gains, the stock's performance over the past three years shows a significant decline of -34.13%, while the benchmark has risen by 40.79%. This context suggests that while Ester Industries is currently benefiting from short-term momentum, it faces ongoing challenges in the broader market landscape.