Why is Ester Industries falling/rising?

As of 19-Nov, Ester Industries Ltd's stock price is currently at 118.70, reflecting an increase of 6.25, or 5.56%. The stock has shown strong performance recently, gaining 14.02% over the last two days and outperforming its sector by 6.26% today. It reached an intraday high of Rs 120, indicating positive momentum. Additionally, the stock has seen a significant rise in investor participation, with delivery volume increasing by 357.75% compared to the 5-day average. However, despite these recent gains, the stock is down 22.11% year-to-date and has underperformed the benchmark Sensex over longer periods, including a 1-year decline of 16.02%.
In the broader market context, Ester Industries' short-term return of 9.55% over the past week significantly outpaces the Sensex's gain of 0.85% during the same period. This indicates that while the stock is experiencing a positive shift in the short term, it has struggled to keep pace with the benchmark over the longer term. The stock's performance relative to the benchmark highlights a potential recovery phase, but the overall year-to-date and yearly declines suggest that investors remain cautious about its long-term prospects.