Why is Global Offshore falling/rising?

As of 22-Sep, Global Offshore Services Ltd is experiencing a price increase, currently at Rs 77.49, which reflects a rise of Rs 4.1 or 5.59%. The stock has outperformed its sector today by 4.31% and opened with a gain of 2.17%. It reached an intraday high of Rs 81, marking a 10.37% increase. The stock has shown high volatility today with an intraday volatility of 5.84% and has traded in a wide range of Rs 8.95. In terms of returns, the stock has gained 3.05% over the past week and 9.70% over the past month, indicating a positive short-term trend despite a year-to-date decline of 31.52%. There is a notable increase in investor participation, with delivery volume rising by 129.36% against the 5-day average, suggesting growing interest in the stock.
In the broader market context, the Sensex has only increased by 0.46% over the past week and 1.05% over the past month, which highlights that Global Offshore's performance is significantly stronger than the benchmark during these periods. While the stock has underperformed on a year-to-date basis compared to the Sensex, its recent upward movement indicates a potential recovery phase. The liquidity of the stock is sufficient for trading, which may also contribute to the positive sentiment surrounding it. Overall, the combination of strong short-term performance, rising investor interest, and favorable trading conditions are driving the stock's recent price increase.