Why is India Home Loans falling/rising?

As of 10-Oct, India Home Loans Ltd is experiencing a price increase, currently at Rs 31.60, which represents a rise of 3.23 or 11.39%. Today, the stock has shown a trend reversal after four consecutive days of decline, opening with a gain of 2.19%. It reached an intraday high of Rs 34, reflecting a significant increase of 19.84%. Despite this positive movement, the stock has underperformed over the longer term, with returns of -24.17% over the past week and -26.72% over the past month, compared to the Sensex, which has gained 1.59% and 1.32% respectively. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 86.31% against the five-day average, indicating growing interest despite the stock trading below its moving averages.
In the broader market context, while India Home Loans has outperformed its sector today by 10.79%, its recent performance remains concerning when compared to the benchmark Sensex, which has shown positive returns over the same periods. The stock's high volatility, with an intraday fluctuation of 8.28%, suggests that it is experiencing significant price movements, which may be contributing to investor caution. Overall, while today's price increase is a positive sign, the stock's longer-term performance relative to the benchmark indicates ongoing challenges that could affect future price stability.