Why is Pattech Fitwell falling/rising?

As of 23-Oct, Pattech Fitwell Tube Components Ltd is experiencing a price increase, with the current price at 119.25, reflecting a rise of 5.65 or 4.97%. The stock has outperformed its sector by 5.48% today, and its price is higher than the 5-day, 20-day, 100-day, and 200-day moving averages, although it remains below the 50-day moving average. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume dropping by 37.5% against the 5-day average. Over the past week, the stock has shown a strong return of 18.01%, contrasting with a slight decline of 1.04% over the past month and a significant drop of 19.43% over the past year.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.20% over the past week, Pattech Fitwell's strong weekly performance indicates a robust short-term recovery relative to the broader market. However, the stock's year-to-date return of 12.50% still surpasses the Sensex's 9.50%, suggesting that while it has faced challenges in the longer term, it is currently gaining momentum in the short term. The liquidity of the stock remains adequate for trading, which may support its recent price increase despite the falling delivery volumes.