Why is Purple Finance falling/rising?

As of 06-Nov, Purple Finance Ltd's stock price is currently at Rs 44.56, reflecting an increase of Rs 3.14 or 7.58%. The stock has shown strong performance today, outperforming its sector by 8.41% and reaching an intraday high of Rs 45.4, which is a 9.61% increase. Over the past week, the stock has gained 8.87%, while its one-month return stands at 28.23%. However, it is important to note that the stock has experienced a significant decline year-to-date, down 33.91%. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 60.25% against the five-day average, indicating potential concerns about sustained interest in the stock.
In the broader market context, while Purple Finance has outperformed the Sensex by a considerable margin in the short term, with a 1W return of 8.87% compared to the benchmark's decline of 1.30%, its year-to-date performance remains significantly weaker than the Sensex, which has gained 6.62%. This contrast highlights the stock's volatility and the challenges it faces despite recent gains. The stock's liquidity appears sufficient for trading, but the high volatility observed today, with an intraday fluctuation of 5.09%, suggests that market sentiment may be mixed, contributing to the stock's fluctuating price movements.