Why is Ravi Leela Gran falling/rising?

As of 31-Oct, Ravi Leela Granites Ltd is experiencing a price increase, currently at 48.00, reflecting a rise of 2.05 or 4.46%. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total return of 10.34% during this period. Despite opening lower today with a loss of 2.07%, it reached an intraday high of Rs 49.95, indicating significant volatility with a wide trading range of Rs 5.45. The stock is currently trading above all its moving averages, which is a positive indicator. However, there has been a notable decline in investor participation, with delivery volume falling by 73.52% compared to the five-day average, which could be a concern for future price stability.
Broader Market Context: In the context of the broader market, Ravi Leela Granites has outperformed the benchmark Sensex, which has seen a slight decline of 0.32% over the past week, while the stock itself has gained 11.63%. This trend of outperformance is consistent with its year-to-date return of 20.03%, compared to the Sensex's 7.42%. The stock's strong performance relative to the benchmark suggests that investor sentiment remains positive despite the recent drop in trading volume, indicating that the stock may continue to attract interest in the near term.