Why is Premier Energy falling/rising?

As of 06-Oct, Premier Energy & Infrastructure Ltd is experiencing a price increase, with its current price at 15.33, reflecting a change of 0.3 or 2.0% upward. The stock has been on a positive trajectory, gaining for the last 18 days and achieving a remarkable 59.52% return during this period. Additionally, it has outperformed its sector by 1.55% today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there is a notable decline in investor participation, with delivery volume falling by 39.99% against the 5-day average, which could suggest a potential concern for future trading activity.
In the broader market context, Premier Energy's short-term return of 8.11% over the past week significantly outpaces the Sensex, which has only increased by 1.77% in the same timeframe. Over the past month, the stock has surged by 61.37%, while the Sensex has risen just 1.34%. Despite the impressive short-term performance, the year-to-date return for Premier Energy remains negative at -29.35%, contrasting with the Sensex's positive return of 4.67%. This disparity highlights the stock's volatility and the potential for recovery, although the declining delivery volume may warrant caution among investors.