Why is Premco Global falling/rising?

As of 07-Nov, Premco Global Ltd. is experiencing a significant rise in its stock price, currently at 601.90, reflecting an increase of 72.65 or 13.73%. The stock has shown strong performance today, outperforming its sector by 13.08% and has been on a consecutive gain streak for the last five days, accumulating a total return of 36.32% during this period. The stock opened with a gain of 5.32% today and reached an intraday high of Rs 611, indicating robust buying interest. Additionally, it has been trading above its moving averages across various time frames, and there has been a notable increase in investor participation, with delivery volume rising by 606.37% compared to the five-day average. The high dividend yield of 8.88% at the current price further enhances its attractiveness to investors.
In the broader market context, Premco Global's short-term performance has significantly outpaced the benchmark, with a one-week return of +33.18% compared to the Sensex's -0.86%. This stark contrast highlights the stock's strong momentum relative to the overall market, which has been relatively flat. Over the past month, Premco Global has also outperformed the Sensex, achieving a return of +34.96% against the benchmark's +1.57%. The stock's high volatility today, with an intraday volatility of 6.14%, suggests active trading and investor interest, contributing to its upward price movement.