Why is KG Petrochem falling/rising?

As of 03-Nov, KG Petrochem Ltd is experiencing a price increase, currently at Rs 271.00, reflecting a rise of Rs 9.05 or 3.45%. Despite opening the day with a significant loss of 6.39%, the stock managed to touch an intraday high of Rs 271, indicating a recovery from its low of Rs 245.2. Over the past week, the stock has outperformed its sector by 2.67% and has shown a positive return of 10.16% over the past month, contrasting with the Sensex, which has only gained 3.41% in the same period. However, it is important to note that the stock's delivery volume has decreased significantly, falling by 61.42% against the 5-day average, suggesting a decline in investor participation.
In the broader market context, KG Petrochem's recent performance stands out as it has outpaced the Sensex in the short term, with a 4.25% gain over the past week compared to the benchmark's decline of 0.94%. This indicates a stronger relative performance in a generally unfavorable market environment. However, the year-to-date performance shows a decline of 9.41% for KG Petrochem, while the Sensex has increased by 7.47%, highlighting a longer-term struggle for the stock despite its recent gains. The high volatility observed today, with an intraday fluctuation of 5%, further emphasizes the stock's unstable trading conditions, which could be influencing investor sentiment.