Why is Narmada Gelatine falling/rising?

As of 10-Nov, Narmada Gelatines Ltd is experiencing a significant rise in its stock price, currently at 388.65, reflecting an increase of 49.95, or 14.75%. The stock has been gaining momentum, having outperformed its sector by 15.51% today and achieving a consecutive gain over the last two days with a total return of 15.17% during this period. It opened with a gain of 2.13% and reached an intraday high of Rs 405.85, marking a 19.83% increase. Additionally, the stock has shown strong performance over various time frames, including a 12.28% increase over the past week and a 59.77% rise over the last three years, indicating robust long-term growth. However, there has been a notable decline in investor participation, with delivery volume falling by 27.22% against the five-day average, which could suggest a potential concern for future trading activity.
In the broader market context, Narmada Gelatines' short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 0.53% over the past week. While the stock has shown resilience and positive momentum, the overall market has not followed suit, highlighting the stock's strength relative to broader market trends. Despite the high volatility observed today, with an intraday volatility of 8.52%, the stock's ability to maintain trading above its moving averages indicates a favorable outlook. The liquidity remains adequate for trading, allowing for continued interest despite the recent drop in delivery volumes.