Why is Pelatro falling/rising?

As of 30-Jun, Pelatro Ltd's stock price is rising, currently at 443.75, reflecting an increase of 33.75 or 8.23%. The stock has outperformed its sector today by 7.97%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a decline in investor participation, with delivery volume falling by 17.72% against the 5-day average. Year-to-date, the stock is down 11.59%, contrasting with the Sensex's gain of 7.92%, suggesting that while the stock is experiencing a short-term rise, it has struggled over a longer period.
In the broader market context, Pelatro's 1-week return of 8.23% significantly outpaces the Sensex's return of 2.18%, highlighting its strong performance relative to the benchmark in the short term. Over the past month, Pelatro has also shown a robust return of 26.07%, compared to the Sensex's 3.10%. This indicates that the recent price increase is not only a result of company-specific factors but also reflects a favorable market sentiment towards the stock in the short term, despite its overall underperformance year-to-date.