Why is Pearl Green Club falling/rising?

As of 09-Oct, Pearl Green Clubs and Resorts Ltd is experiencing a price increase, currently at Rs 171.95, reflecting a rise of 5.0 (2.99%). The stock has shown strong performance recently, with a 1-week return of +11.73% and a 1-month return of +9.87%, significantly outperforming the Sensex, which has returned +1.47% and +1.32% respectively over the same periods. However, the stock opened the day with a loss of -2.37% and touched an intraday low of Rs 163, indicating some volatility. Despite this, it reached a day's high of Rs 171.95, and it is currently trading above all key moving averages, suggesting a positive trend. Notably, there has been a significant drop in investor participation, with delivery volume falling by -88.02% against the 5-day average, which may be a concern for future price stability.
Broader Market Context: In the short term, Pearl Green Clubs and Resorts Ltd has outperformed the benchmark Sensex, which indicates a favorable sentiment towards the stock relative to the broader market. While the stock has shown impressive gains over the past week and month, its year-to-date performance is lagging behind the Sensex, with a return of +0.26% compared to the Sensex's +5.16%. This discrepancy highlights that while the stock is currently rising, it has faced challenges over a longer timeframe, particularly in the 3-year period where it has underperformed the benchmark significantly.