Why is Indo Euro Indch. falling/rising?

As of 17-Oct, Indo Euro Indchem Ltd's stock price is rising, currently at Rs 13.49, reflecting an increase of 1.33 or 10.94%. The stock has shown strong performance today, outperforming its sector by 10.96% and has gained consecutively over the last two days, with a total return of 12.32% during this period. It opened with a significant gain of 6.91% and reached an intraday high of Rs 13.49. Despite this positive movement, the stock has experienced a decline in investor participation, with delivery volume dropping by 54.81% compared to the 5-day average. Additionally, it is trading above all major moving averages, indicating a bullish trend, although the high volatility of 5.8% suggests some uncertainty in the market.
Broader market context shows that Indo Euro Indchem Ltd has outperformed the Sensex in the short term, with a 1-week return of 10.66% compared to the Sensex's 1.76%. Over the past month, the stock has also outperformed the benchmark, gaining 8.01% while the Sensex increased by 1.52%. However, the year-to-date performance remains negative at -16.68%, contrasting sharply with the Sensex's positive return of 7.44%. This disparity highlights the stock's recent recovery amidst a longer-term decline, suggesting that while the stock is currently experiencing a rise, it has faced significant challenges over the past year and beyond.