Why is Graphite India falling/rising?

As of 11-Nov, Graphite India Ltd. is experiencing a price increase, currently at Rs 568.00, reflecting a rise of Rs 29.7 or 5.52%. Today's performance indicates a trend reversal as the stock has gained after six consecutive days of decline. It reached an intraday high of Rs 588.5, marking a 9.33% increase. The stock has outperformed its sector by 0.58% today, and there has been a significant increase in delivery volume, which rose by 179.8% compared to the five-day average. Despite a poor long-term growth rate in net sales, the company has a low debt-to-equity ratio and has seen increased participation from institutional investors, which collectively hold 16.18% of the company, indicating a positive sentiment among more sophisticated investors.
In the broader market context, Graphite India's short-term performance has been less favorable compared to the benchmark, as it has declined by 7.37% over the past week while the Sensex has gained 0.49%. However, over the longer term, the stock has outperformed the BSE500 index in various periods, including a return of 11.05% over the past year. This long-term outperformance, coupled with the recent positive movements in the stock price and increased investor participation, suggests a potential recovery phase despite the recent challenges faced by the company.