Why is IITL Projects falling/rising?

As of 28-Oct, IITL Projects Ltd's stock price is currently at Rs 56.89, reflecting an increase of Rs 4.42 or 8.42%. The stock has shown a trend reversal today, gaining after four consecutive days of decline. It reached an intraday high of Rs 56.89, indicating a strong performance today, outperforming its sector by 9.32%. The stock has also demonstrated high volatility with an intraday volatility of 8.26%. In terms of returns, the stock has increased by 31.11% over the past year, although it has seen a decline of 5.18% year-to-date. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 158.53% compared to the five-day average, suggesting renewed interest in the stock.
Broader market context indicates that while IITL Projects has outperformed its sector today, it has lagged behind the benchmark Sensex in the year-to-date performance, which has risen by 8.30%. Over the past month, the stock has gained 0.80%, while the Sensex has increased by 5.22%. This context highlights that despite the stock's recent upward movement, it has not kept pace with the broader market trends in the longer term. The stock's performance today may be attributed to a combination of technical factors, including the trend reversal and increased trading volume, which could signal a potential recovery phase for investors.