Why is IGC Industries falling/rising?

As of 09-Oct, IGC Industries Ltd has experienced a price increase, currently trading at 3.22, which reflects a rise of 0.17 or 5.57%. The stock has shown a positive trend today, outperforming its sector by 4.4% and reversing a two-day decline. Additionally, the stock's performance over the past week has been strong, with a gain of 5.57%, while its one-month return is 1.90%. Notably, there has been a significant increase in investor participation, with delivery volume rising by 132.28% compared to the five-day average, indicating heightened interest in the stock. However, the stock remains lower than its 50-day, 100-day, and 200-day moving averages, which suggests that while there is short-term momentum, it may still be facing longer-term challenges.
In the broader market context, IGC Industries' recent performance has significantly outpaced the Sensex, which has only increased by 1.47% over the past week. This indicates that the stock is gaining traction relative to the overall market. Despite the positive short-term movements, the stock's year-to-date performance remains concerning, with a decline of 67.38%, contrasting sharply with the Sensex's increase of 5.16%. This disparity highlights the stock's volatility and the potential for recovery, but it also underscores the challenges it has faced over a longer time frame.