Why is Mercury Labs falling/rising?

As of 30-Oct, Mercury Laboratories Ltd is experiencing a price increase, currently at 904.00, which reflects a rise of 29.0 or 3.31%. The stock has shown strong performance today, outperforming its sector by 3.65% and achieving consecutive gains over the last three days, with a total return of 7.56% during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. However, there has been a significant drop in investor participation, with delivery volume falling by 87.92% against the 5-day average, which could suggest a potential concern regarding sustained interest in the stock.
In the broader market context, Mercury Laboratories has outperformed the Sensex in the short term, with a 1-week return of +5.12% compared to the benchmark's slight decline of -0.18%. Over the past month, the stock has also shown a positive return of +9.58%, while the Sensex increased by 5.15%. Despite the recent gains, the year-to-date performance of Mercury Labs is relatively modest at +0.89%, lagging behind the Sensex's +8.02%. This mixed performance indicates that while the stock is currently rising, its longer-term trajectory may be influenced by broader market trends and investor sentiment.