Why is Nacdac Infra. falling/rising?

As of 23-Sep, Nacdac Infrastructure Ltd's stock price is rising, currently at Rs 41.97, reflecting a change of 6.71 (19.03%) upward. The stock has shown strong performance recently, gaining 29.14% over the last three days and outperforming its sector by 19.95% today. It opened with a significant gain of 9.13% and reached an intraday high of Rs 42. The stock's recent returns are impressive, with a 25.32% increase over the past week and a 22.01% rise over the past month, although it remains down 46.87% year-to-date. The delivery volume has also surged, indicating rising investor participation, which has increased by 376.19% compared to the five-day average.
In the broader market context, while Nacdac Infrastructure Ltd has outperformed the Sensex in the short term, which has seen a slight decline of 0.34% over the past week, the stock's year-to-date performance contrasts sharply with the benchmark's 5.07% gain. This divergence highlights the stock's volatility and potential recovery phase despite its significant losses over the year. The stock's liquidity appears adequate for trading, supporting its recent upward movement. Overall, the combination of strong short-term gains, increased investor interest, and favorable trading conditions contributes to the stock's rising price.