Why is Indian Link Ch. falling/rising?

As of 04-Nov, Indian Link Chain Manufacturers Ltd is experiencing a price increase, currently at Rs 1,837.70, which reflects a rise of Rs 87.5 or 5.0%. The stock has shown strong performance today, outperforming its sector by 5.78% and achieving a consecutive gain over the last two days with a total return of 10.25%. It opened with a gain of 5% and reached an intraday high of Rs 1,837.70. However, it also touched a low of Rs 1,676, indicating some volatility. The stock's performance over the past week shows a gain of 3.77%, while it has underperformed the benchmark Sensex over the past month with a decline of 0.66%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 38.37% compared to the 5-day average.
Broader Market Context: In the context of the broader market, the Sensex has declined by 1.38% over the past week, contrasting with the stock's positive movement. This suggests that while the stock is rising, it is doing so against a backdrop of a generally declining market. The stock's performance over the last three years has been impressive, with a return of 137.12%, significantly outpacing the Sensex's 36.93% increase. However, the stock's recent volatility and falling investor participation may indicate caution among investors, despite its current upward trend.