Why is Reliable Ventur. falling/rising?

As of 30-Jun, Reliable Ventures India Ltd's stock price is currently at Rs 30.32, reflecting an increase of Rs 1.44 or 4.99%. The stock has shown a trend reversal, gaining after nine consecutive days of decline. Despite opening with a loss of 4.99% today, it reached an intraday high of Rs 30.32. Over the past month, the stock has performed well, with a return of 27.13%, significantly outperforming the benchmark Sensex, which only gained 2.65%. Additionally, the stock's year-to-date return stands at 33.16%, compared to the Sensex's 7.00%, indicating strong performance relative to the market. However, the stock has also experienced a wide trading range today, with a low of Rs 27.44, and the weighted average price suggests more volume was traded closer to this lower price.
Broader Market Context: In the short term, Reliable Ventures has outperformed the Sensex by 5.14% today, indicating a positive shift in investor sentiment despite the recent declines. The stock's performance over the past three years shows a remarkable increase of 147.51%, while the Sensex has only risen by 57.69% in the same period. This long-term outperformance may contribute to rising investor participation, as evidenced by a 59.38% increase in delivery volume on June 27 compared to the five-day average. Overall, while the stock has faced recent volatility, its strong historical performance and increased trading activity suggest a potential recovery in investor confidence.