Why is Kanco Tea falling/rising?

As of 18-Nov, Kanco Tea & Industries Ltd is experiencing a price increase, currently at Rs 70.50, which reflects a rise of Rs 3.01 or 4.46%. The stock has shown strong performance recently, gaining 22.5% over the last four days and outperforming its sector by 6.64% today. It opened with a gain of 2.24% and reached an intraday high of Rs 71.7, indicating positive momentum. Additionally, Kanco Tea is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. While the tea/coffee sector has declined by 2.14%, the stock's rising investor participation, evidenced by a 7.27% increase in delivery volume, indicates growing interest among investors.
In the broader market context, Kanco Tea's short-term performance has significantly outpaced the benchmark Sensex, which only increased by 0.96% over the past week, while Kanco Tea surged by 20.00%. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of 20.79% compared to the Sensex's gain of 8.36%. This contrast highlights the stock's volatility and potential for recovery in the short term, despite its longer-term struggles.