Why is Natl. Oxygen falling/rising?

As of 11-Nov, National Oxygen Ltd's stock price is currently at Rs 113.30, reflecting an increase of Rs 2.9 or 2.63%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a return of 9.36% over the past week. Today's performance indicates that it has outperformed its sector by 3.2%. The stock reached an intraday high of Rs 117, although it also experienced a low of Rs 106.4 during the day. The weighted average price suggests that more volume was traded closer to the low price, and there has been a notable increase in investor participation, with delivery volume rising by 14.82% compared to the five-day average. However, the stock's performance over the longer term remains mixed, with a year-to-date decline of 15.35% and a one-year drop of 11.55%, indicating some underlying challenges.
In the broader market context, National Oxygen Ltd's recent short-term return of 9.36% over the past week significantly outpaces the Sensex, which only increased by 0.49% in the same period. This strong performance contrasts with its longer-term returns, where the stock has underperformed against the benchmark, particularly over one month and year-to-date. The stock's moving averages indicate that while it is performing better than the 5-day and 20-day averages, it remains below the 50-day, 100-day, and 200-day moving averages, suggesting potential volatility ahead. Overall, the recent gains can be attributed to increased investor interest and positive short-term performance, despite the stock's longer-term struggles.