Why is Pace E-Commerce falling/rising?

As of 20-October, Pace E-Commerce Ventures Ltd is experiencing a significant rise in its stock price, currently at Rs 24.80, reflecting an increase of Rs 2.54 or 11.41%. Today's performance indicates that the stock opened with a notable gain of 6.92% and reached an intraday high of Rs 25.5, which is a 14.56% increase. Over the past week, the stock has outperformed the sector by 11.92%, with a weekly return of 15.03%. However, it is important to note that the stock's year-to-date performance remains negative at -26.41%, and it has seen substantial declines over the past year and three years, indicating a longer-term struggle despite recent gains. The delivery volume has decreased significantly, falling by 43.55% against the five-day average, which suggests a decline in investor participation.
In the broader market context, the Sensex has shown a modest increase of 2.47% over the past week, while Pace E-Commerce's performance has significantly outpaced this benchmark. This indicates that the stock's recent rise is not solely driven by overall market trends but may be influenced by specific factors related to the company. Despite the positive short-term movement, the stock's long-term performance remains concerning, as it has underperformed the Sensex over the year and three-year periods. The liquidity of the stock appears adequate for trading, but the falling investor participation could be a warning sign for sustained growth.