Why is Namo eWaste falling/rising?

As of 20-Oct, Namo eWaste Management Ltd is experiencing a price increase, currently at 210.00, reflecting a rise of 6.6 or 3.24%. The stock has shown strong performance today, outperforming its sector by 3.03%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 70.72% against the 5-day average, which may raise concerns about the sustainability of the current price increase. The stock's performance over the past week has been impressive, with a return of 5.34%, and over the past month, it has surged by 25.07%, significantly outpacing the Sensex, which has only increased by 2.44% during the same period.
In the broader market context, Namo eWaste's short-term performance is considerably stronger than the benchmark, as evidenced by its 1-week return of 5.34% compared to the Sensex's 2.44%. Despite a year-to-date decline of 0.19% against the Sensex's gain of 9.30%, the stock has shown resilience with a 1-year return of 26.51%, again outperforming the Sensex's 3.98%. This suggests that while the stock has faced challenges in the longer term, its recent performance indicates a recovery trend that is currently being reflected in its rising price.