Why is Pro CLB falling/rising?

As of 17-Oct, Pro CLB Global Ltd's stock price is rising, currently at Rs 44.10, reflecting an increase of Rs 2.1 or 5.0%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 16.85% during this period. It opened with a gain of 4.4% today and reached an intraday high of Rs 44.1. Additionally, the stock has outperformed its sector by 5.04%. Over the past week, it has shown a remarkable return of 16.67%, significantly higher than the Sensex's 1.76%. However, there has been a notable decline in investor participation, with delivery volume dropping by 80.65% compared to the five-day average, which may indicate a potential concern for future momentum.
Broader market context shows that while Pro CLB has had a strong short-term performance, its year-to-date return remains negative at -13.93%, contrasting with the Sensex's positive return of 7.44%. Over the past year, Pro CLB has significantly outperformed the benchmark with an impressive return of 84.67% compared to the Sensex's 3.64%. This disparity highlights the stock's volatility and potential for recovery, despite the recent decline in trading volume. Overall, the stock's current rise can be attributed to its strong recent performance and positive short-term trends, even as broader market conditions present mixed signals.