Why is Innovative Tech falling/rising?

As of 13-Aug, Innovative Tech Pack Ltd's stock price is currently at Rs 26.29, reflecting an increase of Rs 1.29, or 5.16%. The stock has shown strong performance recently, gaining 7.35% over the last two days and outperforming its sector by 4.26% today. It opened with a significant gain of 11.12% and reached an intraday high of Rs 28.01. However, the stock has also experienced high volatility, with an intraday range of Rs 3.79 and a notable drop in delivery volume by 73.85% against the 5-day average, indicating a decline in investor participation. The stock's year-to-date performance remains negative at -30.80%, despite a robust 3-year return of 67.99%.
In the broader market context, the stock's short-term return of +6.27% over the past week contrasts sharply with the Sensex, which has remained flat at -0.01%. This indicates that Innovative Tech is performing well relative to the benchmark in the short term. However, the stock's year-to-date decline of -30.80% is significantly worse than the Sensex's positive return of +3.07%, suggesting that while the stock is currently rising, it has struggled overall in the longer term compared to the market.