Why is Mindteck (India) falling/rising?

As of 20-Oct, Mindteck (India) Ltd is experiencing a price increase, currently at Rs 290.95, reflecting a rise of Rs 7.75 or 2.74%. The stock opened with a gain of 2.61% today and reached an intraday high of Rs 307, marking an increase of 8.4%. Over the past week, the stock has outperformed the sector by 1.84% and has shown significant returns of +29.83% over the past month, while also maintaining a strong performance over the past three years with a return of +139.03%. However, there has been a decline in investor participation, with delivery volume falling by 30.35% against the five-day average, indicating a potential concern for sustained momentum.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 2.47% over the past week, Mindteck's performance of +8.79% highlights its strong relative strength in the short term. Despite a year-to-date decline of -1.36% against the Sensex's +7.97%, the stock's recent upward trend suggests a recovery phase. The liquidity of the stock remains adequate for trading, as it is liquid enough for a trade size of Rs 0.37 crore, which may support further price movements in the context of overall market conditions.