Why is IEC Education falling/rising?

As of 22-Sep, IEC Education Ltd's stock price is currently at Rs 30.14, reflecting an increase of Rs 1.43 or 4.98%. The stock has shown a strong performance recently, gaining 32.89% over the last four days and outperforming its sector by 6.25% today. It opened with a gain of 4.98% and has consistently traded at this price, indicating strong upward momentum. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 84.11% compared to the 5-day average, which could indicate a potential concern for sustained growth.
Broader market context shows that IEC Education's short-term performance significantly outpaces the benchmark, with a 1-week return of +32.78% compared to the Sensex's +0.46%. Over the past month, the stock has also outperformed the benchmark with a return of +54.64% against the Sensex's +1.05%. Despite a year-to-date decline of 8.83%, the stock's impressive one-year return of +236.38% contrasts sharply with the Sensex's -2.82%, highlighting its strong recovery and growth potential in the longer term.