Why is Punjab Commun. falling/rising?

As of 20-October, Punjab Communications Ltd is experiencing a price increase, currently at Rs 53.20, which reflects a rise of 4.61 or 9.49%. The stock has shown strong performance today, outperforming its sector by 7.56% and has been on a consecutive gain for the last two days, accumulating a total return of 16.08% in this period. Additionally, the stock has traded in a wide range of Rs 5.35 and has shown high volatility with an intraday volatility of 5.26%. In terms of returns, over the past week, the stock has increased by 14.41%, significantly outpacing the Sensex, which rose by only 2.47%. However, year-to-date, the stock is down 5.51%, contrasting with the Sensex's gain of 7.97%.
Broader Market Context: The recent performance of Punjab Communications Ltd is notably stronger than the broader market, particularly in the short term, as evidenced by its 1-week return compared to the Sensex. While the stock has faced challenges over the longer term, with declines over the past year and year-to-date, the recent surge in investor participation, indicated by a 52.9% increase in delivery volume, suggests a growing interest that may be driving the current price rise. This positive momentum in the stock's performance, coupled with its ability to outperform the benchmark, reflects a favorable sentiment among investors despite its previous underperformance in the longer time frames.