Why is Karma Energy Ltd falling/rising?

As of 08-Oct, Karma Energy Ltd's stock price is rising, currently at Rs 60.49, reflecting an increase of Rs 2.88 or 5.0%. The stock has shown strong performance today, outperforming its sector by 6.44% and achieving a consecutive gain over the last two days with a total return of 10.24%. It opened with a significant gain of 4.84% and reached an intraday high of Rs 60.49. Despite this positive movement, the stock has experienced a notable decline in investor participation, with delivery volume falling by 82.05% against the 5-day average. Additionally, while the stock is trading above its 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages, indicating mixed signals in terms of long-term momentum.
In the broader market context, Karma Energy Ltd has outperformed the Sensex over the past week and month, with returns of 5.40% and 15.04%, respectively, compared to the Sensex's 0.98% and 1.22%. However, year-to-date, the stock has underperformed the benchmark, showing a decline of 1.24% against the Sensex's gain of 4.65%. This suggests that while the stock is experiencing a short-term rally, its longer-term performance remains challenged compared to the overall market.