Why is Modi Rubber falling/rising?

As of 23-Oct, Modi Rubber Ltd's stock price is currently at 130.55, reflecting an increase of 5.7, or 4.57%. The stock has shown strong performance today, outperforming its sector by 4.09% and achieving a consecutive gain over the last two days with a total return of 6.53%. It reached an intraday high of Rs 142.1, marking a significant rise of 13.82%. Over the past week, the stock has increased by 5.97%, and for the month, it has risen by 7.80%. However, there has been a notable decline in investor participation, with delivery volume dropping by 73.77% against the five-day average, indicating a potential concern regarding sustained interest in the stock.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.30% over the past week, Modi Rubber's performance is significantly stronger, highlighting its relative strength in the market. Year-to-date, while Modi Rubber has gained 6.14%, the Sensex has outperformed with an 8.21% increase. This suggests that although Modi Rubber is performing well, it is lagging behind the broader market in the longer term. The stock's high volatility today, with an intraday fluctuation of 5.27%, further emphasizes the dynamic nature of its trading environment, which could be influenced by various market factors not detailed in the available data.