Why is La Tim Metal & I falling/rising?

As of 20-Oct, La Tim Metal & Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 12.80, which reflects an increase of Rs 1.97 or 18.19%. The stock has shown strong performance today, outperforming its sector by 17.98% and has gained consecutively for the last four days, accumulating a total return of 37.63% during this period. It opened with a notable gain of 6.19% and reached an intraday high of Rs 12.98, indicating strong buying interest. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. There has also been a significant increase in investor participation, with delivery volume rising by 274.2% compared to the 5-day average, which further supports the upward movement.
In the broader market context, La Tim Metal & Industries Ltd has outperformed the Sensex over the past week and month, with returns of 29.42% and 29.82%, respectively, compared to the Sensex's 2.47% and 2.10%. However, it is important to note that the stock has underperformed year-to-date and over the past year, with declines of 4.83% and 15.79%, respectively, while the Sensex has gained 7.97% and 3.86% during those periods. This recent surge in price may be attributed to a combination of positive investor sentiment and increased trading activity, despite its longer-term underperformance relative to the benchmark.