Why is Indag Rubber falling/rising?

As of 24-Oct, Indag Rubber Ltd's stock price is currently at 130.30, reflecting an increase of 9.65 or 8.0%. The stock has shown a strong performance today, outperforming its sector by 8.83% and achieving a consecutive gain over the last two days with a total return of 8.9%. It reached an intraday high of Rs 133, indicating significant upward momentum. However, despite this positive movement, the stock has experienced a decline of 26.11% year-to-date and 29.95% over the past year, suggesting that while recent gains are notable, the longer-term performance remains weak. Additionally, there has been a decrease in investor participation, with delivery volume falling by 33.15% against the 5-day average, which could indicate a lack of sustained interest from investors.
In the broader market context, the stock's short-term return of 8.40% over the past week significantly outpaces the Sensex, which has only increased by 0.31% in the same period. This suggests that Indag Rubber is experiencing a favorable moment relative to the overall market. However, it is important to note that while the stock has performed well recently, its year-to-date performance is still substantially lower than the Sensex's gain of 7.77%, highlighting a contrasting trend in the longer term. Overall, the recent rise in Indag Rubber's stock price appears to be driven by short-term trading activity and volatility, despite ongoing challenges reflected in its longer-term performance metrics.