Why is Magnum Ventures falling/rising?

As of 30-September, Magnum Ventures Ltd is experiencing a price increase, currently at Rs 28.79, reflecting a rise of Rs 3.61 or 14.34%. The stock has shown strong performance today, outperforming its sector by 13.5% and achieving a consecutive gain over the last two days with a total return of 15.07%. The stock reached an intraday high of Rs 29, although it also saw a low of Rs 24.26, indicating high volatility with an intraday fluctuation of 15.68%. Over the past week, Magnum Ventures has gained 9.34%, and in the last month, it has risen by 16.09%, contrasting with a decline of 26.91% year-to-date and a significant drop of 40.21% over the past year. The rising investor participation, with a delivery volume increase of 15.58% against the 5-day average, suggests growing interest in the stock.
In the broader market context, Magnum Ventures' recent performance stands out against the Sensex, which has declined by 2.23% over the past week and increased only by 0.57% in the last month. This indicates that while the stock has been gaining significantly, the overall market has been underperforming. The stock's ability to maintain higher returns over a three-year period (+129.52%) and a five-year period (+579.76%) compared to the Sensex suggests a strong long-term growth trajectory, despite recent volatility and short-term losses. The lack of specific positive or negative factors in the dashboard does not detract from the stock's current upward momentum, which appears to be driven by increased trading activity and investor interest.