Why is NDA Securities falling/rising?

As of 19-Sep, NDA Securities Ltd is experiencing a price increase, with its current price at Rs 43.90, reflecting a rise of Rs 1.1 or 2.57%. The stock has shown strong performance recently, having gained 5.02% over the last two days and outperforming its sector by 2.72% today. Notably, the stock opened with a significant gain of 19.98% and reached an intraday high of Rs 51.35. However, it also exhibited high volatility, trading within a wide range of Rs 9.6, and there has been a notable decline in investor participation, with delivery volume falling by 62.65% against the 5-day average. The stock's year-to-date return stands at an impressive 34.99%, significantly outperforming the benchmark Sensex, which has only increased by 5.74% during the same period.
In the broader market context, NDA Securities' short-term performance has been robust, with a 1-week return of 2.81% compared to the Sensex's 0.88%. This trend of outperformance is consistent, as the stock has also outperformed the benchmark over the past month and year. The stock's strong returns over the last three and five years further highlight its growth potential compared to the market. Despite the recent volatility and declining investor participation, the overall upward trajectory in returns suggests that investor sentiment remains positive, contributing to the stock's rising price.