Why is Pace E-Commerce falling/rising?

As of 24-Oct, Pace E-Commerce Ventures Ltd is experiencing a price increase, currently at Rs 31.56, which reflects a rise of 2.54 or 8.75%. The stock has shown significant performance today, outperforming its sector by 9.97% and has been on a consecutive gain streak for the last four days, accumulating a remarkable 41.78% return over the past week. It opened with a gain of 3.34% and reached an intraday high of Rs 34.2, indicating strong upward momentum. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. Rising investor participation is evident, with a delivery volume increase of 234.95% compared to the 5-day average, contributing positively to the stock's recent upward movement.
In the broader market context, the stock's short-term performance has significantly outpaced the Sensex, which only gained 0.31% over the same week. While the stock has shown impressive short-term returns, it remains down 6.35% year-to-date, contrasting with the Sensex's 7.77% increase. This divergence highlights the stock's volatility and potential for recovery, as evidenced by its recent gains. However, it is important to note that the long-term performance remains concerning, with a 3-year decline of 73.88% compared to the Sensex's 40.75% increase, indicating that while the stock is currently rising, it has faced substantial challenges in the past.