Why is New Light Indust falling/rising?

As of 29-Oct, New Light Industries Ltd's stock price is currently at 1.76, reflecting an increase of 0.08 or 4.76%. The stock has been gaining momentum, having risen 9.32% over the last two days, and it has outperformed its sector by 3.87% today. In the past week, the stock has shown a return of 6.02%, significantly higher than the Sensex's return of 0.68%. However, despite these positive movements, the stock's delivery volume has decreased by 6.01% compared to the 5-day average, indicating a decline in investor participation. Additionally, while the stock is currently above its 5-day moving average, it remains below its longer-term moving averages, suggesting mixed signals regarding its overall trend.
Broader Market Context: In the context of the broader market, New Light Industries Ltd's recent performance stands out, particularly in the short term, as it has outpaced the Sensex significantly over the past week and month, with returns of 6.02% and 18.12%, respectively, compared to the Sensex's 0.68% and 5.76%. However, the stock's long-term performance remains concerning, as it has declined by 82.36% over the past year, contrasting sharply with the Sensex's modest gain of 5.76%. This disparity highlights the stock's volatility and the challenges it faces despite recent gains.