Why is Modi's Navnirman falling/rising?

As of 11-Sep, Modis Navnirman Ltd is experiencing a price increase, currently at 290.00, reflecting a rise of 19.0 or 7.01%. Today's price summary indicates that the stock has outperformed its sector by 6.87% and has shown a trend reversal after two consecutive days of decline. Although it opened with a loss of 3.32%, it reached an intraday high of Rs 305.2, demonstrating significant volatility with a wide trading range of Rs 43.2. The stock's performance over the past week shows a gain of 5.07%, and year-to-date, it has increased by 12.40%, significantly outperforming the Sensex, which has only risen by 4.36% in the same period. However, there has been a notable decline in investor participation, with delivery volume dropping by 68.57% against the 5-day average, which may indicate some caution among investors.
Broader Market Context: In comparison to the benchmark, Modis Navnirman Ltd's short-term performance has been robust, with a 1-week return of 5.07% compared to the Sensex's 1.03%. This indicates that the stock is gaining traction relative to the broader market, which may be contributing to its rising price. The overall market context appears favorable for the stock, as it continues to trade above its moving averages across various time frames, suggesting a positive trend. Despite the recent volatility and decreased investor participation, the stock's strong performance relative to the benchmark and its ability to recover from short-term setbacks are likely driving its current upward movement.