Why is Modern Dairies falling/rising?

As of 18-Nov, Modern Dairies Ltd's stock price is currently at 48.14, reflecting a rise of 7.25 or 17.73%. The stock has shown a significant performance today, outperforming its sector by 18.15% and reversing a trend after three consecutive days of decline. Although it opened with a loss of 3.4%, it reached an intraday high of Rs 49.06, indicating strong volatility with a wide trading range of Rs 9.56. The stock's performance over the past week and month has been positive, with returns of 14.65% and 16.99%, respectively, although it remains down 20.89% year-to-date. There is a noted decrease in investor participation, with delivery volume falling by 28.01% against the five-day average, which may impact future price movements.
Broader Market Context: In comparison to the Sensex, which has gained 0.96% over the past week, Modern Dairies has significantly outperformed the benchmark during the same period. This strong short-term performance contrasts with its year-to-date decline, where the Sensex has risen by 8.36%. The stock's high volatility today, coupled with its movement above shorter-term moving averages, suggests a potential recovery phase, although the lower participation rates may indicate caution among investors. Overall, while the stock is experiencing a positive uptick today, the broader context of declining year-to-date performance and reduced investor engagement could temper expectations for sustained growth.