Why is Mewar Hi-Tech falling/rising?

As of 29-Oct, Mewar Hi-Tech Engineering Ltd is experiencing a price increase, with its current price at Rs 61.58, reflecting a rise of 2.93 (5.0%). The stock has shown strong performance today, outperforming its sector by 4.21% and has been on a consecutive gain streak for the last three days, accumulating a total return of 15.75% during this period. Despite a decline of 13.87% over the past month and a year-to-date drop of 25.52%, the stock's recent upward movement is notable, especially as it opened with a gain of 5% today and reached an intraday high of Rs 61.58. However, there is a concerning trend of falling investor participation, with delivery volume decreasing by 16.67% against the five-day average, which may impact future price movements.
In the broader market context, Mewar Hi-Tech's short-term return of 9.87% over the past week significantly outpaces the Sensex, which only rose by 0.68% during the same period. This indicates that while the stock is currently performing well relative to the market, its longer-term performance remains weak, as evidenced by a year-to-date decline compared to the Sensex's increase of 8.78%. The stock's liquidity appears adequate for trading, but the mixed performance across different moving averages suggests volatility and uncertainty in the stock's future trajectory.