Why is Laffans Petroch falling/rising?

As of 20-Oct, Laffans Petrochemicals Ltd is experiencing a price increase, currently at Rs 37.70, which reflects a rise of Rs 2.2 or 6.2%. The stock has shown strong performance today, outperforming its sector by 5.64% and achieving a consecutive gain over the last two days with a total return of 10.4%. It reached an intraday high of Rs 38.4, indicating positive momentum, despite a wide trading range of Rs 4.15 and high volatility of 5.7%. The stock is also trading above its moving averages across various timeframes, which suggests a bullish trend. Additionally, there has been a rise in investor participation, with delivery volume increasing by 2.9% against the 5-day average, indicating growing interest in the stock.
In the broader market context, Laffans Petrochemicals has outperformed the benchmark Sensex in the short term, with a 1-week return of 5.31% compared to the Sensex's 2.47%. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of 31.45% against the Sensex's gain of 7.97%. This contrast highlights the stock's recent recovery amidst a longer-term struggle. Overall, the combination of positive short-term performance, increased trading activity, and favorable technical indicators contributes to the stock's rising price.