Why is Indus Finance falling/rising?

As of 14-Nov, Indus Finance Ltd is experiencing a price increase, currently at Rs 51.80, which reflects a rise of 2.9 or 5.93%. The stock has been on an upward trend, gaining for the last three days with a total return of 13.1% during this period. Today, it opened with a significant gain of 6.34% and reached an intraday high of Rs 53.5, although it also experienced a low of Rs 47. The stock is trading above all its moving averages, indicating strong momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 81.77% compared to the 5-day average, which may suggest caution among investors despite the positive price movement.
In the broader market context, the stock's performance over the past week shows a return of +0.62%, which is lower than the Sensex's return of +1.62%. Over the past month, Indus Finance has outperformed the benchmark, with a return of +18.64% compared to the Sensex's +3.09%. This indicates that while the stock is rising, its short-term performance is lagging behind the broader market. The high volatility observed today, with an intraday volatility of 6.47%, reflects the stock's dynamic trading environment, which could be influenced by market sentiment and investor behavior.