Why is Grand Oak Canyon falling/rising?

As of 28-Oct, Grand Oak Canyons Distillery Ltd is experiencing a price increase, currently at Rs 47.15, reflecting a rise of 2.24 (4.99%). The stock has shown strong performance today, outperforming its sector by 5.89% and achieving a consecutive gain over the last seven days, resulting in a remarkable 40.58% return during this period. Additionally, the stock opened with a gain of 4.99% and has maintained this price throughout the trading session. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 68.98% compared to the 5-day average, indicating a potential concern regarding sustained interest in the stock.
In the broader market context, Grand Oak Canyons' short-term return of +21.49% over the past week significantly outpaces the Sensex, which only increased by 0.24% during the same timeframe. While the stock has shown a decline of 6.34% over the past month, it has still managed to maintain a positive year-to-date return of 8.17%, slightly below the Sensex's 8.30%. The substantial long-term gains of 523.68% over three years and 1373.44% over five years suggest a strong historical performance, which may contribute to investor confidence despite the recent drop in delivery volume.