Why is Libord Finance falling/rising?

As of 03-Nov, Libord Finance Ltd is experiencing a significant rise in its stock price, currently at Rs 21.80, reflecting an increase of Rs 3.58 or 19.65%. The stock has shown strong performance today, outperforming its sector by 18.91% and achieving a consecutive gain over the last two days with a total return of 22.54%. It opened with a notable gain of 9.22% and reached an intraday high of Rs 21.86. Additionally, the stock has been trading above its moving averages across various time frames, indicating positive momentum. However, there has been a decline in investor participation, as evidenced by a 24.89% drop in delivery volume compared to the five-day average, which may suggest some caution among investors despite the positive price movement.
In the broader market context, Libord Finance's short-term performance has been impressive, with a 1-week return of 21.04%, significantly outperforming the Sensex, which has declined by 0.94% during the same period. Over the past month, the stock has risen by 24.15%, while the Sensex has increased by 3.41%. This stark contrast highlights the stock's strong recovery and investor interest in the short term, despite its year-to-date performance showing a decline of 21.89% compared to the Sensex's gain of 7.47%. Overall, the recent upward movement in Libord Finance's stock price can be attributed to its strong short-term performance and positive trading indicators, even as it faces challenges with declining investor participation.