Why is GTN Textiles falling/rising?

As of 24-Sep, GTN Textiles Ltd is experiencing a rise in its stock price, currently at Rs 10.56, reflecting an increase of Rs 1.37 or 14.91%. The stock has shown strong performance today, outperforming its sector by 15.34% and has gained consecutively over the last two days, with a total return of 16.04% during this period. It opened with a significant gain of 16.32% and reached an intraday high of Rs 10.69. Additionally, GTN Textiles is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 98.37% compared to the 5-day average, which could be a concern for future trading activity.
In the broader market context, GTN Textiles has outperformed the Sensex over the past week, with a return of +15.92% compared to the benchmark's -1.18%. While the stock has shown positive short-term performance, its year-to-date return remains negative at -13.44%, contrasting with the Sensex's gain of +4.58%. This divergence highlights the stock's volatility and potential recovery phase, despite its longer-term underperformance over the past year and three years. Overall, the recent price increase is driven by strong short-term gains, but the significant drop in delivery volume raises questions about sustained investor interest.