Why is Evans Electric falling/rising?

As of 11-Nov, Evans Electric Ltd's stock price is currently at 169.00, reflecting an increase of 13.9, or 8.96%. The stock has shown a strong performance today, outperforming its sector by 8.48% and opening with a gain of 3.13%. It reached an intraday high of Rs 169, indicating positive momentum. However, the stock has experienced erratic trading, having not traded on one day out of the last 20, and there has been a decline in investor participation, with delivery volume falling by 7.41% against the 5-day average. Despite a solid long-term performance with a 582.48% increase over three years, the stock has underperformed in the short term, with a 6.19% decline year-to-date.
Broader market context shows that while Evans Electric has had a strong performance over the long term, its recent short-term returns are less favorable compared to the benchmark Sensex, which has gained 7.34% year-to-date. In the past week, the stock has risen by 5.66%, significantly outperforming the Sensex's 0.49% increase. This suggests that while the stock is currently experiencing a positive surge, it remains under pressure in the broader context of market performance, particularly over longer periods.