Why is IEL falling/rising?

As of 24-Sep, IEL Ltd's stock price is currently at Rs. 9.51, reflecting a decrease of Rs. 0.02 or 0.21%. The stock has recently hit a new 52-week high of Rs. 10.28 but has experienced a decline after two consecutive days of gains. Despite this recent drop, IEL has shown impressive performance over various periods, with a 1-month return of 98.54% and a year-to-date return of 112.96%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 150.45% compared to the 5-day average, suggesting strong interest in the stock.
In the broader market context, IEL's short-term performance stands in stark contrast to the Sensex, which has seen a decline of 1.18% over the past week. This divergence highlights IEL's strong momentum relative to the benchmark index. While the stock has been liquid enough for trading, the absence of specific positive or negative factors in the dashboard limits a deeper understanding of the influences on its recent price movement. Overall, the combination of a recent price decline after hitting a high, alongside strong historical returns and increased trading activity, contributes to the current dynamics of IEL's stock price.