Why is GTN Textiles falling/rising?

As of 09-Sep, GTN Textiles Ltd is experiencing a price increase, with its current price at Rs 10.13, reflecting a rise of Rs 1.24 or 13.95%. The stock has shown a strong performance today, outperforming its sector by 13.93% and reversing a trend after two consecutive days of decline. It opened with a significant gain of 16.42% and reached an intraday high of Rs 10.35. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. The stock has also seen a notable increase in investor participation, with delivery volume rising by 112.93% compared to the 5-day average, suggesting heightened interest among investors.
In the broader market context, GTN Textiles has outperformed the Sensex over the past week, with a return of +8.34% compared to the benchmark's +1.18%. However, its year-to-date performance remains negative at -16.97%, while the Sensex has gained +3.79% during the same period. This indicates that while the stock is currently experiencing a positive momentum, it has struggled over the longer term relative to the broader market. The high volatility observed today, with an intraday volatility of 7.59%, reflects the stock's dynamic trading environment, which may be contributing to its recent price movements.