Why is Polycon Intl. falling/rising?

As of 24-Oct, Polycon International Ltd is experiencing a price increase, currently at Rs 29.60, which reflects a rise of Rs 1.38 or 4.89%. The stock opened with a gain of 4.89% today and has maintained this price throughout the trading session, touching an intraday high of Rs 29.60. In the past week, the stock has outperformed its sector by 6.3% and has shown a significant return of 22.57% over the last month. However, there has been a decline in investor participation, with delivery volume decreasing by 13.79% compared to the 5-day average, which may indicate some caution among investors despite the positive price movement.
In the broader market context, Polycon International Ltd's recent performance stands out, particularly with a 7.64% increase over the past week, significantly outperforming the Sensex, which only rose by 0.31% during the same period. This trend of outperformance is consistent with the stock's impressive 3-year return of 188.50% compared to the Sensex's 40.75%. While the stock has shown volatility over the longer term, with a 1-year decline of 8.07%, its current momentum suggests a positive sentiment among traders, bolstered by its strong performance relative to the benchmark.