Why is Heads UP Venture falling/rising?

As of 08-Oct, Heads UP Ventures Ltd is experiencing a price increase, currently at Rs 11.84, which reflects a rise of Rs 1.14 or 10.65%. The stock has shown a strong performance today, outperforming its sector by 10.86% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 12.46, indicating significant volatility with an intraday fluctuation of 8.07%. Additionally, the stock is trading above its moving averages across various time frames, suggesting a positive momentum. However, there has been a decline in investor participation, with delivery volume falling by 4.67% compared to the 5-day average, which could indicate some caution among investors.
In the broader market context, the stock has outperformed the Sensex over the past week and month, with returns of 10.97% and 12.23%, respectively, while the Sensex has only gained 0.98% and 1.22% in the same periods. Despite this short-term outperformance, the stock has underperformed the benchmark on a year-to-date basis, with a return of 2.42% compared to the Sensex's 4.65%. Over the longer term, the stock has struggled, showing a decline of 13.89% over the past year and 16.03% over three years, while the Sensex has remained relatively stable. This mixed performance suggests that while there is a positive short-term trend, the stock's long-term outlook remains uncertain.