Why is Raj Oil Mills falling/rising?

As of 24-Oct, Raj Oil Mills Ltd is experiencing a price increase, currently at Rs 54.80, which reflects a rise of Rs 3.55 or 6.93%. The stock has shown strong performance today, outperforming its sector by 11.11%, and reached an intraday high of Rs 60.3, representing a significant increase of 17.66%. Over the past week, the stock has gained 7.03%, and over the past month, it has risen by 10.04%. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 49.34% compared to the 5-day average. Additionally, while the stock is trading above all key moving averages, the solvent extraction sector has seen a decrease of 4.16%, which may be impacting overall sentiment.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 0.31% over the past week, Raj Oil Mills has significantly outperformed with a 7.03% gain. This trend continues over the past month, where the stock's 10.04% rise contrasts with the Sensex's 3.05% increase. Despite the stock's positive short-term performance, the longer-term picture shows a decline of 4.53% over the past three years, while the Sensex has risen by 40.75% during the same period. This disparity highlights the challenges faced by Raj Oil Mills in maintaining investor confidence in the longer term, despite its recent gains.