Why is Rapicut Carbides falling/rising?

As of 28-Oct, Rapicut Carbides Ltd is experiencing a price increase, with its current price at 82.99, reflecting a change of 6.51 or 8.51% upward. The stock has shown strong performance today, outperforming its sector by 9.5% and achieving a consecutive gain over the last two days, resulting in a total return of 19.36% during this period. It opened with a significant gain of 9.99% and reached an intraday high of Rs 84.12. Additionally, the stock's performance over the past week has been positive, with a return of 7.79%, although it has underperformed on a year-to-date basis with a decline of 19.03%. The rising investor participation, indicated by a 75.39% increase in delivery volume compared to the 5-day average, suggests growing interest in the stock.
In the broader market context, while Rapicut Carbides has shown a strong short-term return, the benchmark Sensex has only increased by 0.24% over the past week. This indicates that the stock is performing significantly better than the overall market in the short term. However, on a year-to-date basis, the stock's decline of 19.03% contrasts sharply with the Sensex's gain of 8.30%, highlighting a challenging longer-term performance. The stock's current liquidity is adequate for trading, which may also contribute to its recent upward movement. Overall, the combination of positive short-term performance, increased trading volume, and investor interest are driving the stock's rise.