Why is Modi's Navnirman falling/rising?

As of 22-Aug, Modis Navnirman Ltd is experiencing a price increase, with the current price at 285.85, reflecting a rise of 4.85 or 1.73%. The stock has been gaining for the last three days, accumulating a total return of 3.95% during this period. It is also outperforming its sector by 2.29%. In terms of performance relative to benchmarks, the stock has shown positive returns over various time frames, including a 10.79% increase year-to-date and a substantial 274.76% increase over the past three years. However, there has been a notable decline in investor participation, with delivery volume dropping by 64.29% compared to the five-day average, which may indicate a potential concern for future trading activity.
Broader Market Context: In comparison to the Sensex, which has increased by only 0.88% over the past week and decreased by 1.07% over the past month, Modis Navnirman Ltd's short-term performance is significantly stronger. The stock's recent gains highlight its resilience and attractiveness to investors, especially given the broader market's lackluster performance. The liquidity of the stock remains adequate for trading, suggesting that despite the drop in delivery volume, there is still enough market activity to support its price movement.