Why is Prajay Engineers falling/rising?

As of 28-Oct, Prajay Engineers Syndicate Ltd's stock price is currently at Rs 30.76, reflecting an increase of Rs 1.46 or 4.98%. The stock has shown strong performance recently, gaining 10.21% over the last two days and outperforming its sector by 5.88% today. It opened with a notable gain of 4.61% and reached an intraday high of Rs 30.76. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The rising investor participation is also significant, with delivery volume on 27 Oct increasing by 433.06% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Prajay Engineers has outperformed the Sensex in the short term, with a 1-week return of 9.90% compared to the benchmark's 0.24%. Over the past month, the stock has gained 27.58%, significantly higher than the Sensex's 5.22% increase. However, it is worth noting that the stock has a year-to-date return of only 3.57%, which lags behind the Sensex's 8.30% return. This indicates that while the stock is currently experiencing a positive momentum, its longer-term performance has not kept pace with the broader market.