Why is Expo Engineering falling/rising?

As of 30-Oct, Expo Engineering and Projects Ltd is experiencing a price increase, with its current price at Rs 75.65, reflecting a rise of Rs 3.9 or 5.44%. Today, the stock has shown a trend reversal after two consecutive days of decline, gaining momentum and outperforming its sector by 5.62%. The stock reached an intraday high of Rs 78, indicating strong buying interest, although it also faced volatility with a wide trading range of Rs 8. Notably, the delivery volume has surged significantly, rising by over 1000% compared to the five-day average, suggesting increased investor participation. The stock's performance over the past year has been robust, with a 31.57% increase, although it has faced challenges in the short term, evidenced by a 25.80% decline over the past month.
In the broader market context, while Expo Engineering's short-term performance has been negative, with an 8.08% drop over the past week, the benchmark Sensex has only decreased by 0.18% during the same period. This indicates that the stock has underperformed relative to the market recently. However, the stock has shown strong long-term returns, significantly outperforming the Sensex over one year and three years, which may contribute to investor confidence despite recent fluctuations. The liquidity of the stock remains adequate for trading, further supporting its price recovery today.