Why is Premco Global falling/rising?

As of 07-Aug, Premco Global Ltd. is experiencing a price increase, currently at Rs 469.95, reflecting a rise of 4.8 points or 1.03%. The stock opened with a gain of 4.27% today and reached an intraday high of Rs 496, marking a 6.63% increase. It has outperformed its sector by 2.38% today. Over the past month, the stock has shown a positive return of 8.52%, while year-to-date, it has increased by 7.96%. However, there is a notable decline in investor participation, with delivery volume dropping by 87.75% against the 5-day average, which could indicate a potential concern for future trading activity. The stock also boasts a high dividend yield of 9.16%, which may attract income-focused investors.
In the broader market context, Premco Global's recent performance contrasts with the Sensex, which has declined by 0.69% over the past week. While the stock has shown resilience with a positive return in the short term, the benchmark has struggled, reflecting a challenging market environment. Over the last month, the stock's performance of +8.52% significantly outpaces the Sensex's -3.38%, indicating that Premco Global is gaining traction despite broader market headwinds. The stock's strong performance relative to the benchmark suggests that it may be benefiting from company-specific factors that are not affecting the market as a whole.