Why is IITL Projects falling/rising?

As of 17-Oct, IITL Projects Ltd is experiencing a price increase, currently at Rs 58.27, reflecting a rise of 2.27 (4.05%). The stock has shown strong performance today, outperforming its sector by 3.91%, and opened with a gain of 4.05%. Notably, the stock has touched an intraday high of Rs 58.27 and has maintained this price without fluctuation. Additionally, the stock's performance over the past week has been impressive, with a return of +7.87%, significantly higher than the Sensex's +1.76%. The rising investor participation is evident, with a delivery volume increase of 144.31% against the 5-day average, indicating heightened interest in the stock.
Broader Market Context: In the short term, IITL Projects Ltd has outperformed the benchmark index, the Sensex, which suggests a favorable sentiment towards the stock compared to the broader market. While the stock has a year-to-date return of -2.88%, it has shown remarkable growth over the past year with a return of +46.81%, contrasting with the Sensex's +3.64%. This indicates that despite some volatility, the stock has strong long-term performance, particularly over the last three years, where it has gained +215.83% compared to the Sensex's +43.73%. The combination of positive trading activity and solid historical returns contributes to the current upward movement in the stock price.