Why is Flomic Global falling/rising?

As of 10-Nov, Flomic Global Logistics Ltd's stock price is currently at Rs 59.72, reflecting an increase of Rs 5.65 or 10.45%. Today's price summary indicates that the stock has outperformed its sector by 9.91% and has experienced a trend reversal after two consecutive days of decline. Although it opened with a loss of 5.68%, it reached an intraday high of Rs 60, showcasing significant volatility with a wide trading range of Rs 9. The stock's performance over the past week shows a gain of 8.76%, while it has underperformed on a year-to-date basis with a decline of 17.57%. Notably, there has been a rise in investor participation, with delivery volume increasing by 32.79% compared to the five-day average, indicating growing interest in the stock.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.53% over the past week, Flomic Global's short-term return is significantly more favorable. The stock's recent performance contrasts with the broader market, as it has managed to gain while the benchmark has faltered. This divergence suggests that specific factors related to Flomic Global are driving its price upward despite the overall market conditions. However, the stock has underperformed over longer periods, with a year-on-year decline of 13.55% compared to the Sensex's gain of 5.09%, indicating that while there may be short-term gains, the long-term outlook remains challenging.