Why is Purple Finance falling/rising?

As of 28-Oct, Purple Finance Ltd's stock price is currently at Rs 42.60, reflecting an increase of Rs 2.82 or 7.09%. The stock has shown strong performance today, outperforming its sector by 7.35% and has been on a consecutive gain streak for the last three days, accumulating a total return of 11.61% during this period. It opened with a significant gain of 5.58% and reached an intraday high of Rs 45.89, marking a rise of 15.36%. However, despite these positive movements, there has been a notable decline in investor participation, with delivery volume falling by 28.5% compared to the five-day average, indicating a potential concern for sustained momentum.
Broader Market Context: In the short term, Purple Finance Ltd has outperformed the Sensex, with a weekly return of 8.92% compared to the benchmark's modest gain of 0.24%. Over the past month, the stock has risen by 19.06%, significantly outpacing the Sensex's 5.22% increase. However, it is important to note that year-to-date, the stock is down 36.81%, contrasting sharply with the Sensex's positive return of 8.30%. This divergence suggests that while the stock is experiencing a short-term rally, it has struggled significantly over a longer timeframe, which may affect investor sentiment moving forward.