Why is GEE falling/rising?

As of 16-Oct, GEE Ltd's stock price is currently at 90.45, reflecting an increase of 4.05, or 4.69%. The stock has shown strong performance today, outperforming its sector by 3.29% and reaching an intraday high of Rs 94.5, which is a 9.37% increase. However, it also experienced a low of Rs 83.65, indicating high volatility with an intraday volatility of 6.08%. Over the past week, GEE has returned +3.49%, and year-to-date, it has gained +27.48%, significantly outperforming the Sensex, which has only increased by 6.82% during the same period. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume dropping by 87.16% compared to the 5-day average, which may indicate a potential concern for future price stability.
Broader Market Context: In the context of the broader market, GEE Ltd's short-term performance has been significantly better than the Sensex, which reflects a general upward trend in the stock's value compared to the benchmark index. The stock's strong returns over various periods, including a remarkable 673.08% increase over the past five years, further highlight its robust performance relative to the market. This sustained growth, coupled with the current price increase, suggests that GEE is maintaining investor interest, despite the recent drop in trading volume. Overall, while the stock is rising, the decrease in delivery volume could signal caution among investors regarding future price movements.