Why is Nureca falling/rising?

As of 07-Nov, Nureca Ltd's stock price is currently at Rs 283.95, reflecting an increase of Rs 13.5, or 4.99%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 10.49% during this period. It opened with a gain of 3.53% today and reached an intraday high of Rs 283.95. Additionally, Nureca has outperformed its sector by 4.45%. However, there is a notable decline in investor participation, as the delivery volume on 06 Nov fell by 94.2% compared to the five-day average. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive momentum despite the drop in trading volume.
In the broader market context, Nureca's performance over the past week shows a return of +7.99%, significantly outperforming the Sensex, which has declined by 0.86% during the same period. Over the past month, Nureca has achieved a return of +22.00%, while the Sensex has only increased by 1.57%. Despite its recent gains, the stock's year-to-date performance is modest at +0.71%, contrasting with the Sensex's +6.50%. This suggests that while Nureca is experiencing a short-term rally, its long-term performance over the past year and three years remains negative compared to the benchmark, indicating potential volatility ahead.