Why is Mihika Industrie falling/rising?

As of 13-Nov, Mihika Industries Ltd's stock price is currently at 16.46, reflecting an increase of 0.96 or 6.19%. The stock has shown a strong performance today, outperforming its sector by 6.91%. Additionally, the delivery volume on 12 November surged by 5544.56% compared to the 5-day average, indicating rising investor participation. While the stock is currently above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 6.74%, although it has experienced significant declines year-to-date and over the past year, with returns of -32.40% and -44.43%, respectively. There is no information available regarding positive or negative factors that may influence the stock's movement.
Broader market context shows that while Mihika Industries has outperformed the Sensex by a notable margin in the short term, with a 1-week return of 6.74% compared to the Sensex's 1.40%, the stock has underperformed significantly over longer periods. The year-to-date and one-year returns indicate a stark contrast to the Sensex, which has gained 8.11% and 8.74%, respectively. This suggests that while the stock is experiencing a short-term rally, its long-term performance remains weak relative to the broader market.