Why is Purple Entertain falling/rising?

As of 22-Sep, Purple Entertainment Ltd is experiencing a price increase, with its current price at 4.39, reflecting a change of 0.38 or 9.48% upward. The stock has shown strong performance recently, outperforming its sector by 8.76% today and achieving consecutive gains over the last two days, resulting in a total return of 11.99% during this period. Additionally, the stock is 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 rise in investor participation, with delivery volume increasing by 166.88% compared to the 5-day average. Unfortunately, the Positive and Negative Factors section is unavailable, which limits further insights into specific influences on the stock's movement.
In the broader market context, Purple Entertainment's short-term return of 8.40% over the past week significantly outpaces the Sensex, which has only increased by 0.46% during the same period. However, it is important to note that the stock's year-to-date performance remains negative at -19.30%, contrasting with the Sensex's positive return of 5.15%. This suggests that while the stock is currently experiencing a rebound, it has faced substantial challenges over a longer timeframe compared to the benchmark.