Why is Meera Industries falling/rising?

As of 12-Nov, Meera Industries Ltd's stock price is currently at Rs 66.00, reflecting an increase of Rs 1.94 or 3.03%. The stock has been on a positive trajectory, gaining for the last three days and achieving a total return of 6.37% during this period. Despite opening with a loss of 2.08% today, it reached an intraday high of Rs 66.56, indicating some volatility. The stock has outperformed its sector by 3.05%, and there has been a significant increase in investor participation, with delivery volume rising by 297.92% compared to the 5-day average. However, the stock's year-to-date performance remains negative at -12.91%, and it has underperformed over the past year with a decline of -17.93%.
In the broader market context, Meera Industries' short-term performance over the past week shows a return of +3.35%, which is significantly higher than the Sensex's return of +1.21% during the same period. This suggests that while the stock has faced challenges over the longer term, it is currently experiencing a rebound relative to the benchmark. The stock's liquidity remains adequate for trading, which may contribute to its recent upward movement, although it is still trading below some of its longer-term moving averages. Overall, the combination of recent gains, increased trading activity, and relative outperformance against the benchmark indicates a positive shift in market sentiment towards Meera Industries.