Why is Power & Instrum. falling/rising?

As of 23-Jul, Power & Instrumentation (Gujarat) Ltd is experiencing a price increase, currently at 123.85, reflecting a change of 2.4 or 1.98% upward. Today's performance indicates that the stock has outperformed its sector by 2.7% and has shown a trend reversal after two consecutive days of decline. Despite high volatility with an intraday volatility of 751.2%, the stock has traded within a narrow range of Rs 0.85. Over the past week, the stock has seen a slight decline of 0.36%, and a more significant drop of 12.29% over the past month, while it has generated a notable return of 42.90% over the last year, significantly outperforming the market benchmark. The company has also reported healthy long-term growth, with net sales increasing at an annual rate of 34.04% and operating profit at 52.13%, contributing positively to the stock's recent movement.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of -0.36% compared to the Sensex's +0.11%. However, the stock's year-to-date performance is notably poor at -62.62%, while the benchmark has gained 5.87%. Despite these challenges, the stock's strong annual return of 42.90% and a significant profit increase of 99.8% over the past year suggest a resilient underlying business, which may attract investor interest. The rising delivery volume, which increased by 57.78% against the 5-day average, indicates growing investor participation, further supporting the stock's upward movement today.