Why is Innovassynth Inv falling/rising?

As of 01-Jul, Innovassynth Investments Ltd is experiencing a price increase, currently at Rs 76.62, reflecting a rise of 3.64 or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.13% and has been on a consecutive gain streak for the last two days, accumulating a total return of 10.24% during this period. It opened with a significant gain of 4.96% today and reached an intraday high of Rs 76.62. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. There has been a notable increase in investor participation, with delivery volume rising by 16.75% compared to the 5-day average, indicating growing interest in the stock.
In the broader market context, Innovassynth's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 2.00% over the past week. The stock's 1-week return of 6.42% and 1-month return of 9.65% further highlight its strong performance relative to the market. Despite a year-to-date decline of 20.10%, the stock has shown remarkable growth over the longer term, with a 1-year return of 173.25%. This combination of short-term gains and long-term performance suggests that the stock is currently benefiting from positive investor sentiment and increased trading activity, contributing to its rising price.