Why is Namo eWaste falling/rising?

As of 17-Jul, Namo eWaste Management Ltd is experiencing a significant rise in its stock price, currently at 176.55, reflecting an increase of 19.75 or 12.6%. The stock has outperformed its sector today by 12.83%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there is a notable decline in investor participation, with delivery volume on 16 July falling by 18.41% compared to the 5-day average. While the positive and negative factors dashboard is unavailable, the strong price movement suggests that investor sentiment may be leaning positively despite the drop in participation.
In the broader market context, Namo eWaste has shown a remarkable short-term return of 36.44% over the past week, contrasting sharply with the Sensex, which has declined by 0.96% during the same period. Over the last month, the stock has also outperformed the benchmark, gaining 20.68% compared to the Sensex's modest increase of 1.04%. However, it is important to note that year-to-date, Namo eWaste is down 16.09%, while the Sensex has risen by 6.20%, indicating that despite recent gains, the stock has struggled over a longer timeframe.