Why is IEC Education falling/rising?

As of 18-Nov, IEC Education Ltd's stock price is currently at Rs 31.37, reflecting an increase of Rs 1.49 or 4.99%. The stock has been on an upward trend, gaining for the last three days with a total return of 12.4% during this period. It opened today with a gain of 4.99% and reached an intraday high of Rs 31.37. However, despite this recent positive movement, the stock has experienced a significant decline of 20.04% over the past month and is down 5.11% year-to-date. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 75.63% against the five-day average, indicating a potential concern regarding sustained interest in the stock.
In the broader market context, IEC Education's short-term performance of +7.99% over the past week significantly outpaces the Sensex, which has only increased by 0.96% during the same period. This suggests that while the stock is currently experiencing a positive momentum, it has struggled over the longer term, as evidenced by its year-to-date performance compared to the Sensex's gain of 8.36%. The stock's liquidity remains adequate for trading, but the decline in delivery volume may raise questions about future price stability. Overall, while the recent gains are encouraging, the stock's longer-term challenges and reduced investor participation could temper optimism.