Why is JHS Sven.Lab. falling/rising?

As of 24-Oct, JHS Svendgaard Laboratories Ltd is experiencing a price increase, with its current price at 13.67, reflecting a rise of 0.36 or 2.7%. The stock has shown strong performance recently, gaining for the last eight consecutive days and achieving a total return of 24.61% during this period. Additionally, the stock has outperformed its sector by 4.02%. In terms of returns compared to the benchmark, over the past week, the stock has increased by 7.64%, significantly outpacing the Sensex's modest gain of 0.31%. However, it is important to note that the stock is still down 36.92% year-to-date and 45.08% over the past year, indicating a challenging longer-term performance. The stock's moving averages are higher than the 5-day, 20-day, 50-day, and 100-day averages, but lower than the 200-day average, suggesting a potential upward trend in the short term.
In the broader market context, the stock's recent gains can be attributed to rising investor participation, as evidenced by a 44.96% increase in delivery volume compared to the 5-day average. This indicates a growing interest among investors, which may be contributing to the upward price movement. While the stock has been underperforming over longer periods compared to the Sensex, its recent short-term performance contrasts sharply with the benchmark, highlighting a potential recovery phase. Overall, the combination of positive short-term returns, increased trading activity, and a favorable sector performance suggests that JHS Svendgaard Laboratories Ltd is currently benefiting from a resurgence in investor confidence.