Why is Pace E-Commerce falling/rising?

As of 23-Oct, Pace E-Commerce Ventures Ltd is experiencing a significant rise in its stock price, currently at Rs 28.90, reflecting an increase of Rs 3.66 or 14.5%. The stock has shown strong performance today, outperforming its sector by 14.64% and achieving consecutive gains over the last three days, with a total return of 29.83% during this period. It reached an intraday high of Rs 29.48, indicating robust trading activity, although it has also exhibited high volatility with an intraday fluctuation of 7.12%. Despite these positive movements, there has been a decline in investor participation, as evidenced by a 13.51% drop in delivery volume compared to the five-day average.
Broader Market Context: In the short term, Pace E-Commerce has significantly outperformed the benchmark Sensex, with a one-week return of 27.59% compared to the Sensex's 1.30%. This stark contrast highlights the stock's recent strength despite its year-to-date decline of 14.24%, while the Sensex has gained 8.21% over the same period. The stock's ability to trade above various moving averages suggests a positive trend, but the falling delivery volume may indicate potential concerns about sustained investor interest moving forward.