Why is PNGS Gargi FJ falling/rising?

As of 29-Oct, PNGS Gargi Fashion Jewellery Ltd is experiencing a significant rise in its stock price, currently at Rs 1,080.75, reflecting an increase of Rs 180.1 or 20.0%. The stock has shown strong performance today, outperforming its sector by 19.07% and achieving a consecutive gain over the last three days, with a total return of 27.51% during this period. The stock reached an intraday high of Rs 1,080.75, although it also touched a low of Rs 880, indicating high volatility with an intraday fluctuation of 10.24%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 256.88% against the 5-day average.
In the broader market context, PNGS Gargi FJ's short-term performance has significantly outpaced the Sensex, which only increased by 0.68% over the past week, while PNGS Gargi FJ rose by 22.07%. Over the past month, the stock has also outperformed the benchmark, with a return of 30.54% compared to the Sensex's 5.76%. Despite a year-to-date decline of 18.09% against the Sensex's gain of 8.78%, the recent upward momentum suggests a positive shift in investor sentiment and market interest, contributing to the stock's rising price.