Why is Mercantile Vent. falling/rising?

As of 08-Aug, Mercantile Ventures Ltd is experiencing a price increase, currently at Rs 28.50, which represents a rise of Rs 1.01 or 3.67%. Today's price summary indicates that the stock has outperformed its sector by 4.38% and has gained after three consecutive days of decline. The stock reached an intraday high of Rs 29.45, reflecting a significant increase of 7.13%. Despite this positive movement, there has been a notable decrease in investor participation, with delivery volume falling by 66.92% compared to the five-day average. The stock's performance over the past month shows a gain of 10.94%, significantly outperforming the Sensex, which declined by 4.60%.
In the broader market context, Mercantile Ventures Ltd's recent performance contrasts favorably with the benchmark, as it has shown a positive return of 10.94% over the past month compared to the Sensex's negative return. Year-to-date, the stock has increased by 23.86%, while the Sensex has only risen by 2.20%. This strong performance over various time frames, including a remarkable 320.97% increase over the past five years, highlights the stock's resilience and attractiveness to investors despite the recent drop in trading volume. Overall, the stock's upward movement today appears to be a response to its previous declines and a reflection of its strong historical performance relative to the market.