Why is PTC India Fin falling/rising?

As of 24-Oct, PTC India Financial Services Ltd is experiencing a significant rise in its stock price, currently at Rs 39.64, reflecting an increase of Rs 4.71 or 13.48%. The stock has shown strong performance today, outperforming its sector by 13.76% and has been on a consecutive gain streak for the last three days, accumulating a total return of 19.33% during this period. It opened with a notable gain of 8.59% and reached an intraday high of Rs 40.47, indicating robust investor interest. Additionally, the stock is trading above its moving averages across various time frames, which suggests a positive trend. The recent increase in delivery volume by 63.71% compared to the five-day average further highlights rising investor participation, contributing to the stock's upward movement.
In the broader market context, PTC India Financial Services Ltd has outperformed the Sensex in the short term, with a weekly return of 14.63% compared to the benchmark's modest gain of 0.31%. While the stock has underperformed on a year-to-date basis with a decline of 7.90% against the Sensex's increase of 7.77%, its strong performance over the last three years, with a return of 179.15%, indicates a positive long-term outlook. The liquidity of the stock remains adequate, allowing for trades of a reasonable size, which supports its current upward trajectory. Overall, the combination of strong short-term performance, increased investor participation, and favorable trading conditions contributes to the stock's rising price.