Why is NDL Ventures falling/rising?

As of 03-Nov, NDL Ventures Ltd is experiencing a price increase, currently at Rs 91.74, which reflects a rise of 3.66 or 4.16%. The stock has shown strong performance today, outperforming its sector by 4.49% and has been on a consecutive gain streak for the last two days, accumulating a total return of 7.9% during this period. Additionally, the stock opened with a gain of 4.17% and reached an intraday high of Rs 92.25. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 252.46% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, NDL Ventures has outperformed the Sensex in the short term, with a 1-week return of +5.62% compared to the benchmark's -0.94%. Over the past month, the stock has gained +10.17%, while the Sensex has risen by +3.41%. However, it is important to note that the stock has a year-to-date decline of -15.52%, contrasting with the Sensex's +7.47% increase, indicating that while recent movements are positive, the stock has faced challenges over a longer time frame. Overall, the current upward momentum appears to be driven by strong short-term performance and increased investor engagement, despite the stock's historical underperformance relative to the broader market.