Why is IND Renewable falling/rising?

As of 17-Oct, IND Renewable Energy Ltd's stock price is rising, currently at Rs 16.47, reflecting an increase of Rs 2.74 or 19.96%. The stock has shown strong performance today, outperforming its sector by 20.06% and achieving a consecutive gain over the last three days with a total return of 21.82% during this period. It reached an intraday high of Rs 16.47, although it also experienced a low of Rs 13.45, indicating high volatility with an intraday fluctuation of 10.09%. Additionally, the stock has consistently outperformed the benchmark Sensex over various periods, including a 1-week return of 16.31% compared to the Sensex's 1.76% increase.
In the broader market context, IND Renewable's short-term performance significantly exceeds that of the Sensex, which has only gained 1.76% over the past week. Despite this strong performance, there are signs of falling investor participation, as the delivery volume decreased by 12.71% compared to the 5-day average, which could indicate a potential concern for future momentum. Nevertheless, the stock remains liquid enough for trading, and it is currently trading above all its moving averages, suggesting a positive trend in the short term.