Why is Parsvnath Devl. falling/rising?

As of 20-Oct, Parsvnath Developers Ltd is experiencing a price increase, with the current price at Rs 16.27, reflecting a rise of 1.1 (7.25%). Today's performance indicates that the stock opened with a gain of 5.41% and reached an intraday high of Rs 16.34, outperforming its sector by 6.52%. Over the past week, the stock has shown a return of +5.65%, and over the past month, it has increased by +6.48%. However, it is important to note that the stock has a year-to-date decline of -29.51% and a one-year decline of -22.12%. Additionally, there has been a significant drop in investor participation, with delivery volume falling by -65.8% compared to the five-day average, which may indicate a potential concern for sustained upward momentum.
Broader Market Context: In comparison to the benchmark Sensex, which has returned +2.47% over the past week and +2.10% over the past month, Parsvnath Developers Ltd has significantly outperformed in the short term. This strong performance in the stock's recent price movement contrasts with its longer-term underperformance, as evidenced by its year-to-date and one-year returns. The stock's liquidity remains adequate for trading, suggesting that while there may be some investor hesitance, the stock is still accessible for those looking to invest.