Why is Pioneer Invest falling/rising?

As of 14-Nov, Pioneer Investcorp Ltd is experiencing a significant rise in its stock price, currently at Rs 76.80, reflecting an increase of Rs 10.55 or 15.92%. The stock has shown strong performance today, outperforming its sector by 15.16% and has been on a consecutive gain streak for the last two days, accumulating a total return of 17.99% during this period. It opened with a notable gain of 11.67% and reached an intraday high of Rs 76.80, although it also faced a low of Rs 64.13. The stock is trading above its moving averages across various time frames, indicating positive momentum, despite a decline in delivery volume by 41.87% against the 5-day average, suggesting a potential decrease in investor participation.
In the broader market context, Pioneer Investcorp Ltd has outperformed the Sensex significantly in the short term, with a 1-week return of +19.50% compared to the Sensex's +1.62%. However, it is important to note that the stock has a year-to-date return of -9.65%, while the Sensex has gained 8.22% over the same period. This contrast highlights the stock's recent recovery and volatility, which may attract investors looking for short-term gains, despite its longer-term underperformance relative to the benchmark.