Why is Prem. Synthetic falling/rising?

As of 12-Nov, Premier Synthetics Ltd is experiencing a significant rise in its stock price, currently at Rs 24.30, reflecting an increase of Rs 3.16 or 14.95%. Today's price summary indicates that the stock opened with a notable gain of 11.12% and reached an intraday high of Rs 24.75, showcasing strong upward momentum. The stock has outperformed its sector by 13.39% today, and the delivery volume has increased by 20.66% compared to the 5-day average, indicating rising investor participation. Additionally, Premier Synthetics is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically signals bullish sentiment among investors. However, the stock has also shown high volatility today, with an intraday volatility of 9.95%, and has traded within a wide range of Rs 4.49.
In the broader market context, Premier Synthetics has demonstrated impressive short-term performance, with a 20.00% increase over the past week, significantly outperforming the Sensex, which rose by only 1.21% during the same period. Over the past month, the stock has gained 13.02%, again surpassing the Sensex's 2.38% increase. Year-to-date, the stock has a modest gain of 3.40%, while the Sensex has risen by 8.10%. This strong performance relative to the benchmark suggests that investor sentiment towards Premier Synthetics is currently positive, contributing to the stock's upward movement.