Why is Namo eWaste falling/rising?

As of 13-Oct, Namo eWaste Management Ltd is experiencing a price increase, with its current price at 199.35, reflecting a rise of 9.7 or 5.11%. The stock has outperformed its sector today by 7.89%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 52% compared to the 5-day average. Over the past month, the stock has gained 13.53%, significantly outperforming the Sensex, which only increased by 0.45%. However, it is important to note that the stock is down 5.25% year-to-date, contrasting with the Sensex's gain of 6.69%.
In the broader market context, Namo eWaste's recent performance has been strong relative to the benchmark, particularly in the short term, as it has outperformed the Sensex over the past week and month. This positive momentum may be contributing to the stock's rise, as investors appear to be responding favorably to its recent performance and increased trading activity. The overall market sentiment seems to be supportive of Namo eWaste, given its ability to attract higher trading volumes and maintain liquidity, which are positive indicators for future performance.