Why is Palco Metals Ltd falling/rising?

As of 10-Oct, Palco Metals Ltd is experiencing a price increase, currently at 130.90, reflecting a change of 0.9 or 0.69% upward. The stock has shown a positive performance today, outperforming its sector by 1.08% and has been on a consecutive gain for the last three days, accumulating a total return of 4.39% during this period. In terms of returns compared to the benchmark, the stock has performed positively over the past week with a gain of 1.63%, while it has underperformed over the past month with a decline of 2.89%. Notably, the stock's delivery volume has significantly increased by 195.66% against the 5-day average, indicating rising investor participation, although there is no specific positive or negative dashboard data available to further clarify the stock's recent movement.
Broader market context shows that the Sensex has also performed well, gaining 1.59% over the past week and 1.32% over the past month. While Palco Metals Ltd has outperformed the benchmark in the short term, it has struggled year-to-date with a decline of 41.48% compared to the Sensex's gain of 5.58%. This indicates that while the stock is currently seeing a rise, its long-term performance remains significantly weaker than the broader market, suggesting that the recent gains may be part of a short-term recovery rather than a reversal of its overall downward trend.