Why is Madhusudan Inds. falling/rising?

As of 23-Sep, Madhusudan Industries Ltd is experiencing a price increase, currently at Rs 42.50, reflecting a rise of Rs 2.31 or 5.75%. Today's price summary indicates that the stock has outperformed its sector by 6% and has shown a trend reversal after two consecutive days of decline. The stock opened with a significant gain of 8.24% and reached an intraday high of Rs 43.5. Despite a year-to-date decline of 25.44%, the stock has demonstrated strong performance over the last three years, with a return of 98.60%. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 12.82% compared to the five-day average, suggesting growing interest in the stock.
In the broader market context, the stock's short-term performance over the past week shows a decline of 1.16%, while the benchmark Sensex has only fallen by 0.34%. This indicates that Madhusudan Industries Ltd has underperformed relative to the benchmark in the short term. However, the stock's recent upward movement today may signal a potential recovery phase, especially given its liquidity and the fact that it is trading above the 100-day moving average, although it remains below the shorter-term moving averages. Overall, while the stock has faced challenges this year, the recent positive momentum could reflect a shift in investor sentiment.