Why is Purple Entertain falling/rising?

As of 07-Nov, Purple Entertainment Ltd's stock price is currently at 6.63, reflecting an increase of 0.24 or 3.76%. The stock has shown a positive trend recently, gaining for the last two days and achieving a total return of 8.87% during this period. Despite a recent decline in the film production, distribution, and entertainment sector by 2.48%, Purple Entertainment has outperformed its sector by 5.98%. Over the past month, the stock has surged by 48.99%, while year-to-date returns stand at 21.87%. However, it is important to note that there has been a significant drop in investor participation, with delivery volume falling by 38.73% compared to the 5-day average, indicating a potential concern for future trading activity.
Broader Market Context: In comparison to the benchmark, the Sensex has shown a decline of 0.86% over the past week, while Purple Entertainment's stock has decreased by 1.63% in the same timeframe. This suggests that while the stock has recently gained, it has not been immune to broader market pressures. Over the longer term, Purple Entertainment's performance has been strong, with a 1-year return of 30.26% compared to the Sensex's 4.62%. However, the stock's performance over the last three and five years has been negative, with declines of 6.88% and 65.01%, respectively, contrasting sharply with the Sensex's gains during those periods.