Why is Infronics Sys. falling/rising?

As of 23-Oct, Infronics Systems Ltd is experiencing a rise in its stock price, currently at Rs 29.45, reflecting an increase of Rs 1.95 or 7.09%. The stock has shown strong performance today, outperforming its sector by 4.93% and achieving a consecutive gain over the last three days with a total return of 10.01%. Despite this positive movement, the stock has been highly volatile, with an intraday range of Rs 4.81 and a high of Rs 31, which is a 12.73% increase. However, it is important to note that the delivery volume has significantly decreased by 96.39% against the 5-day average, indicating a potential decline in investor participation, which could impact future price movements.
In the broader market context, Infronics Systems Ltd has outperformed the Sensex in the short term, with a 1-week return of 7.29% compared to the benchmark's 1.30%. However, the stock's year-to-date performance remains concerning, with a decline of 40.51% against the Sensex's gain of 8.21%. This stark contrast highlights the challenges the company faces despite its recent gains. The IT - Software sector has also seen a positive movement, gaining 2.11%, which may contribute to the stock's upward momentum today. Overall, while the stock is currently rising, the significant drop in delivery volume and its poor long-term performance suggest caution for investors.