Why is Punjab Commun. falling/rising?

As of 24-Oct, Punjab Communications Ltd is experiencing a price increase, currently at Rs 55.25, which reflects a rise of 2.8 or 5.34%. The stock has shown strong performance today, outperforming its sector by 4.62% and marking its second consecutive day of gains, with a total return of 8.65% over this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Notably, there has been a significant increase in investor participation, with delivery volume rising by 91.53% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Punjab Communications Ltd has outperformed the Sensex over the past week, with a return of 13.71% compared to the benchmark's 0.31%. However, year-to-date, the stock is down 1.87%, while the Sensex has gained 7.77%. This indicates that while the stock is currently on an upward trajectory, it has faced challenges earlier in the year. The overall liquidity of the stock remains adequate, supporting its trading activity. There are no specific positive or negative factors provided that could further clarify the reasons behind the stock's recent movements.