Why is Metroglobal falling/rising?

As of 31-Oct, Metroglobal Ltd. is experiencing a price increase, with its current price at 127.30, reflecting a rise of 4.8 or 3.92%. The stock opened with a gain of 2.86% today and reached an intraday high of Rs 129.9, which is a 6.04% increase. Additionally, the stock has outperformed its sector by 4.33%. In terms of returns, over the past week, the stock has risen by 4.56%, while it has seen a decline of 0.55% over the past month. Year-to-date, the stock is down 20.78%, but it has shown strong performance over the last three years with a return of 46.07%. There is a notable increase in investor participation, with delivery volume rising by 192.82% against the 5-day average, indicating heightened interest in the stock.
Broader market context shows that while Metroglobal has had a challenging year with a significant decline, it has recently outperformed the benchmark Sensex, which has seen a slight decline of 0.32% over the past week. The stock's performance today contrasts with its longer-term trends, where it has underperformed the Sensex over the past month, year, and year-to-date. However, the recent uptick in price and investor interest suggests a potential recovery phase, even as the stock remains below its longer-term moving averages. Overall, the combination of positive short-term performance and increased trading activity may be contributing to the stock's rising price.