Why is Nirav Commercial falling/rising?

As of 17-Nov, Nirav Commercials Ltd is experiencing a price increase, currently at Rs 720.50, reflecting a rise of Rs 26.6 or 3.83%. The stock has shown strong performance today, outperforming its sector by 3.57% and has gained consecutively over the last two days, accumulating a total return of 8.85% during this period. Additionally, the stock opened with a gain of 3.83% and reached an intraday high of Rs 720.50. Despite this positive movement, there is a notable decline in investor participation, with delivery volume dropping by 67.11% against the 5-day average, which could indicate a potential concern for sustained momentum. The stock's performance over the last week and month has been positive, with returns of 3.78% and 15.13%, respectively, although it has underperformed on a year-to-date and one-year basis.
In the broader market context, Nirav Commercials Ltd's recent short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 1.69% over the past week and 1.19% over the past month. This indicates that while the stock is currently gaining traction, it has a long way to recover from its year-to-date decline of 16.96% compared to the Sensex's increase of 8.72%. The stock's strong performance over the last three and five years, with returns of 79.14% and 398.44% respectively, suggests a historical resilience that may contribute to current investor interest, despite the recent drop in delivery volume.