Why is Polycon Intl. falling/rising?

As of 08-Oct, Polycon International Ltd's stock price is currently at Rs 23.67, reflecting an increase of Rs 1.08 or 4.78%. The stock has been gaining momentum recently, having outperformed its sector by 5.58% today and showing a consecutive gain over the last two days with a total return of 5.25%. Despite opening lower today with a loss of 2.61%, the stock reached an intraday high of Rs 23.71, indicating some volatility. Over the past week, the stock has shown a positive return of 5.01%, although it has experienced a decline of 0.34% over the past month and a significant drop of 26.03% over the past year. Notably, there has been a rise in investor participation, with delivery volume increasing by 148.61% compared to the five-day average, which suggests growing interest in the stock.
In the broader market context, Polycon's recent performance has outpaced the Sensex, which recorded a return of 0.98% over the past week. While the stock has shown strong returns over three and five years, it has lagged behind the benchmark in the one-month and one-year periods. The stock's current trading activity indicates a liquid market, although it has faced erratic trading patterns, having not traded on two days out of the last twenty. Overall, the combination of recent gains, increased investor participation, and a favorable short-term performance relative to the benchmark contributes to the stock's upward movement.