Why is Fortune Interntl falling/rising?

As of 03-Nov, Fortune International Ltd's stock price is currently at Rs 61.99, reflecting an increase of Rs 4.98, or 8.74%. The stock has shown a trend reversal today, gaining after four consecutive days of decline. It opened with a significant gap up of 12.28% and reached an intraday high of Rs 64.01. Despite this positive movement, the stock has underperformed over the past week and month, with returns of -2.36% and -0.02%, respectively. Year-to-date, the stock is down 18.70%, indicating a challenging performance compared to the benchmark Sensex, which has gained 7.47% in the same period. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 114.72% against the five-day average, suggesting renewed interest in the stock.
Broader Market Context: In the short term, Fortune International Ltd has outperformed its sector by 8.64% today, contrasting with its recent underperformance against the Sensex, which has seen a slight decline of 0.94% over the past week. This indicates that while the stock has faced challenges in the longer term, today's performance reflects a positive shift in investor sentiment. The stock's liquidity remains adequate for trading, and its moving averages suggest a mixed outlook, being higher than the 50, 100, and 200-day averages but lower than the 5 and 20-day averages. Overall, the stock's recent rise can be attributed to a combination of a trend reversal, increased trading volume, and a temporary recovery in investor confidence.