Why is Orient Ceratech falling/rising?

As of 11-Nov, Orient Ceratech Ltd is experiencing a price increase, currently at Rs 39.50, which reflects a rise of Rs 3.87 or 10.86%. The stock has shown strong performance today, outperforming its sector by 11.97% and opening with a gain of 3.28%. It reached an intraday high of Rs 41.75, indicating significant upward momentum. Over the past week, the stock has increased by 8.22%, although it has seen a decline of 24.04% year-to-date. Despite a wide trading range and high volatility today, the stock is trading above its moving averages across multiple time frames. However, there has been a slight decrease in investor participation, with delivery volume falling by 0.71% compared to the five-day average.
In the broader market context, Orient Ceratech's recent performance has significantly outpaced the Sensex, which has only increased by 0.49% over the past week. This indicates that the stock is gaining traction relative to the overall market. While the stock has struggled year-to-date and over the past year compared to the benchmark, its recent short-term performance suggests a potential recovery phase. The liquidity of the stock remains adequate for trading, which may contribute to its upward price movement despite the noted decline in delivery volume.