Why is Purple Entertain falling/rising?

As of 24-Sep, Purple Entertainment Ltd is experiencing a price increase, currently at 4.63, reflecting a change of 0.5 or 12.11% upward. The stock has shown strong performance today, outperforming its sector by 13.63%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, there is a notable decline in investor participation, with delivery volume dropping by 37.51% compared to the 5-day average. The stock has had a mixed performance over various periods, with a 1-week return of +10.50%, while year-to-date it is down by 14.89%.
In the broader market context, the Sensex has shown a decline of 1.18% over the past week, contrasting with Purple Entertainment's strong 1-week performance. While the stock has outperformed the benchmark in the short term, its year-to-date performance remains negative compared to the Sensex, which has gained 4.58% in the same period. This suggests that despite the recent rise, the stock is still facing challenges in the longer term, as indicated by its significant declines over 3-year and 5-year periods. The lack of positive or negative dashboard data limits further insights into specific factors influencing the stock's recent movement.