Why is Kobo Biotech falling/rising?

As of 27-Oct, Kobo Biotech Ltd's stock price is rising, currently at 3.25, reflecting an increase of 0.15 or 4.84%. The stock has demonstrated strong performance, gaining 35.98% over the last eight days and outperforming its sector by 4.9% today. Additionally, the stock has shown impressive returns over the past week and month, with increases of 20.82% and 41.30%, respectively. Despite these positive movements, there has been a notable decline in investor participation, with delivery volume dropping by 66.1% against the five-day average, which may indicate a potential concern for future trading activity.
Broader Market Context: In comparison to the benchmark, the Sensex has only increased by 0.49% over the past week and 5.41% over the past month, highlighting Kobo Biotech's strong short-term performance relative to the broader market. While the stock has outperformed the benchmark significantly in the short term, it has underperformed over the longer three and five-year periods, with declines of 37.86% and 39.93%, respectively. This contrast suggests that while the stock is currently experiencing a positive trend, it has faced challenges in the past that may affect investor sentiment moving forward.