Why is Rajkot Inv.Trust falling/rising?

As of 17-Oct, Rajkot Investment Trust Ltd is experiencing a price increase, currently at Rs 44.64, which reflects a rise of 2.12 or 4.99%. The stock has been gaining momentum, having outperformed its sector by 5.03% today and achieving a consecutive gain over the last two days with a total return of 10.22%. It opened with a significant gain of 4.82% and reached an intraday high of Rs 44.64. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Notably, there has been a substantial increase in investor participation, with delivery volume rising by 5430.78% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, the stock's short-term performance over the past week shows a decline of 0.33%, while the benchmark Sensex has increased by 1.76%. However, over the past month, Rajkot Investment Trust has slightly outperformed the Sensex, with a return of 1.45% compared to the benchmark's 1.52%. Despite a significant year-to-date decline of 30.03% against the Sensex's 7.44% gain, the recent positive movements and increased trading activity indicate a potential recovery phase for the stock, although it remains to be seen if this trend can be sustained in the face of broader market conditions.