Why is Laffans Petroch falling/rising?

As of 10-Oct, Laffans Petrochemicals Ltd is experiencing a price increase, currently at Rs 37.93, reflecting a rise of 4.02 or 11.85%. Today's trading saw the stock open down by 3.04%, but it rebounded to reach an intraday high of Rs 37.93. The stock has shown significant volatility, with an intraday range of Rs 5.05 and a volatility rate of 7.12%. Notably, Laffans Petrochemicals has outperformed its sector by 11.46% today. In terms of returns, the stock has increased by 8.68% over the past week and 6.22% over the past month, although it remains down 31.04% year-to-date. The stock is currently trading above all its moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 38.39% compared to the five-day average.
In the broader market context, Laffans Petrochemicals has significantly outperformed the Sensex in the short term, with a weekly return of 8.68% compared to the Sensex's 1.59%. This indicates that while the stock has faced challenges over the longer term, it is currently gaining traction relative to the market. The overall liquidity of the stock is adequate for trading, further supporting its recent price movement. However, there are no specific positive or negative factors available to provide additional context on the stock's performance.