Why is Precot falling/rising?

As of 29-Oct, Precot Ltd's stock price is rising, currently at 495.50, reflecting an increase of 57.05 or 13.01%. The stock has shown strong performance today, outperforming its sector by 12.12%. Additionally, it has demonstrated significant returns over the past week and month, with increases of 23.43% and 19.38%, respectively. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 64.75% against the 5-day average. The stock is currently trading above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.
In the broader market context, Precot's recent performance stands in stark contrast to the Sensex, which has only increased by 0.72% over the past week. This indicates that Precot is experiencing a much stronger short-term return compared to the benchmark. While the stock has had a negative year-to-date return of -11.99%, its one-year performance of 16.12% and three-year performance of 142.36% suggest a recovery trend that may be contributing to the current price rise. Overall, the combination of strong short-term performance and relative outperformance against the benchmark is likely driving the stock's upward movement.