Why is Indrayani Biotec falling/rising?

As of 15-Oct, Indrayani Biotech Ltd's stock price is currently at 15.52, reflecting an increase of 0.75 or 5.08%. The stock has shown strong performance recently, gaining for the last four consecutive days and achieving a remarkable 29.01% return during this period. Additionally, the stock's current price is higher than its 5-day, 20-day, 50-day, and 100-day moving averages, indicating positive momentum. The floriculture sector has also seen gains of 5.05%, which may contribute to the stock's upward movement. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 55.96% compared to the 5-day average, suggesting growing interest in the stock.
In the broader market context, Indrayani Biotech's short-term performance significantly outpaces the benchmark, with a 1-week return of +25.67% compared to the Sensex's +1.02%. This indicates that the stock is gaining traction relative to the overall market. However, it is important to note that the stock has experienced substantial declines over longer periods, with a year-to-date decrease of 57.34% and a one-year decline of 60.74%, which may raise concerns among investors about its long-term viability. Despite these challenges, the recent positive trends in both the stock's performance and sector activity suggest a potential turnaround in investor sentiment.