Why is Pioneer Invest falling/rising?

As of 18-Aug, Pioneer Investcorp Ltd is experiencing a price increase, currently at Rs 74.59, which reflects a rise of Rs 3.95 or 5.59%. The stock has shown a positive performance today, outperforming its sector by 3.34% and has gained 6.41% over the last two days. It opened with a gain of 2.83% and reached an intraday high of Rs 75.41. Despite this upward movement, the stock has also shown high volatility, trading within a wide range of Rs 9.06, and has been trading above its moving averages across various time frames. However, there has been a notable decline in investor participation, with delivery volume dropping significantly by 85.84% compared to the five-day average.
In the broader market context, Pioneer Investcorp's recent performance contrasts with the benchmark Sensex, which has gained 0.83% over the past week, while the stock itself has remained flat at 0.00% in the same period. Over the last month, Pioneer has outperformed the Sensex with a return of 24.82% compared to the benchmark's decline of 0.59%. This indicates that while the stock is currently rising, it has faced challenges year-to-date, with a decline of 12.25% against the Sensex's gain of 4.01%. Overall, the stock's recent upward movement is supported by strong short-term gains, despite concerns regarding declining investor participation.