Why is N G Industries falling/rising?

As of 20-Oct, N G Industries Ltd has experienced a price increase, currently trading at 152.95, which reflects a rise of 7.65 or 5.26%. The stock has shown strong performance today, outperforming its sector by 4.34% and has gained 7.98% over the last two days. It opened with a significant gap up of 6.64% and reached an intraday high of Rs 154.95. Additionally, the stock has a positive trend in investor participation, with a 24.52% increase in delivery volume compared to the 5-day average. However, the stock's year-to-date performance remains negative at -15.03%, indicating a longer-term struggle despite recent gains.
In the broader market context, N G Industries' short-term return of +8.44% over the past week significantly outpaces the Sensex, which has only increased by 2.47% during the same period. This suggests that the stock's recent rise is not only a result of company-specific factors but also reflects a favorable sentiment compared to the overall market. Despite the stock's underperformance over the past month and year, the current upward movement indicates a potential recovery phase, supported by increased trading activity and liquidity.