Why is Indo-City Info. falling/rising?

As of 08-Oct, Indo-City Infotech Ltd is experiencing a price increase, with its current price at 12.59, reflecting a rise of 0.83 or 7.06%. The stock has shown strong performance recently, gaining 10.15% over the last three days and outperforming its sector by 5.66% today. Additionally, the stock has performed well over the past week and month, with returns of 7.24% and 14.98%, respectively. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, as the delivery volume has decreased by 80.5% compared to the 5-day average, which may indicate a potential concern for future trading activity.
In the broader market context, Indo-City Infotech Ltd has significantly outperformed the Sensex over the last three years, with a return of 114.48% compared to the benchmark's 40.53%. However, year-to-date, the stock is down 19.81%, while the Sensex has gained 4.65%. This contrast highlights the stock's volatility and the challenges it has faced in the longer term despite recent positive movements. The current rise in price could be attributed to short-term trading dynamics rather than a fundamental shift in the company's overall performance, especially given the drop in delivery volume, which suggests caution among investors.