Why is Graviss Hospital falling/rising?

As of 29-Sep, Graviss Hospitality Ltd's stock price is rising, currently at Rs. 47.91, reflecting an increase of Rs. 7.98 or 19.98%. The stock has shown a significant performance today, outperforming its sector by 19.08% and reversing a downward trend after two consecutive days of decline. It reached an intraday high of Rs. 47.91, although it also hit a new 52-week low of Rs. 38 earlier in the day. Despite high volatility with an intraday fluctuation of 11.52%, the stock is 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 falling by 91.61% against the 5-day average, indicating a potential concern regarding sustained interest in the stock.
In the broader market context, Graviss Hospitality's short-term performance over the past week shows a return of +18.88%, significantly outperforming the Sensex, which has declined by 2.18% during the same period. This stark contrast highlights the stock's resilience despite broader market challenges. Over the last month, the stock has also outperformed the benchmark, gaining 16.09% compared to the Sensex's modest increase of 0.70%. However, it is important to note that year-to-date, Graviss Hospitality's stock is down 12.49%, while the Sensex has gained 2.85%, suggesting that while the stock is experiencing a positive short-term rebound, it has faced challenges over a longer time frame.