Why is Nirav Commercial falling/rising?

As of 23-Oct, Nirav Commercials Ltd is experiencing a price increase, currently at Rs 685.55, reflecting a rise of 6.0 points or 0.88%. The stock has shown a positive trend, gaining for the last three days and achieving a notable 9.55% return over the past week. Today's trading saw the stock open with a gain of 4.78% and reach an intraday high of Rs 712, although it also faced a low of Rs 645.6, indicating some volatility. The stock's performance over the last month shows a modest increase of 1.56%, but it has underperformed year-to-date with a decline of 20.99%. Notably, the stock's delivery volume has significantly decreased, suggesting a decline in investor participation, which could impact future price movements.
In the broader market context, Nirav Commercials Ltd's recent performance has outpaced the benchmark Sensex, which recorded a 1.30% increase over the past week. While the stock has shown strong short-term gains, it still lags behind the benchmark on a year-to-date basis, where the Sensex has risen by 8.21%. The stock's higher returns over three years and five years compared to the Sensex indicate a longer-term growth potential, despite recent volatility and declining investor interest. Overall, the combination of short-term gains and historical performance suggests a complex picture for Nirav Commercials Ltd, influenced by both positive trading momentum and challenges in investor engagement.