Why is Incredible Indus falling/rising?

As of 12-Nov, Incredible Industries Ltd is experiencing a price increase, currently at Rs 46.23, reflecting a rise of 2.43 or 5.55%. The stock has shown a positive trend today, outperforming its sector by 6.38% and reversing a three-day decline. It opened with a significant gain of 5.48% and reached an intraday high of Rs 46.23. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. However, there has been a slight decline in investor participation, with delivery volume falling by 1.53% compared to the 5-day average, which may suggest some caution among investors.
In the broader market context, Incredible Industries Ltd has outperformed the Sensex over the past week, gaining 5.24% compared to the benchmark's 1.21%. Over the last month, the stock has also shown a modest increase of 2.66%, slightly ahead of the Sensex's 2.38% gain. Year-to-date, however, the stock's performance lags behind the benchmark, with a return of 0.17% versus the Sensex's 8.10%. This indicates that while the stock is currently rising, its longer-term performance relative to the market remains a point of concern.