Why is Narbada Gems falling/rising?

As of 10-Oct, Narbada Gems & Jewellery Ltd is experiencing a price increase, currently at Rs 73.00, reflecting a rise of Rs 2.7 or 3.84%. The stock has outperformed its sector by 4.31% today, reaching an intraday high of Rs 73.5, which is a 4.55% increase. Additionally, Narbada Gems is 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 significant decline in investor participation, with delivery volume dropping by 72.05% compared to the 5-day average, which may suggest caution among investors despite the stock's upward movement. The stock's performance over the past week shows a gain of 4.85%, while it has increased by 1.39% over the past month and 13.50% year-to-date, contrasting with a slight decline of 1.31% over the past year.
In the broader market context, Narbada Gems has outperformed the Sensex, which has only increased by 1.59% over the past week and 1.32% over the past month. Year-to-date, while Narbada has gained 13.50%, the Sensex has risen by 5.58%, further highlighting the stock's strong performance relative to the benchmark. However, over the longer term, Narbada's performance has lagged behind the Sensex, with a 3-year decline of 5.44% compared to a 42.26% increase in the benchmark. This mixed performance suggests that while the stock is currently rising, it faces challenges in maintaining momentum in the face of declining investor participation and historical underperformance.