Why is Riba Textiles falling/rising?

As of 17-Oct, Riba Textiles Ltd is experiencing a price increase, with the current price at Rs 83.55, reflecting a rise of Rs 6.49 or 8.42%. The stock has shown strong performance today, outperforming its sector by 9.4% and reaching an intraday high of Rs 92.47, which is a 20% increase. Despite this positive movement, the stock has exhibited high volatility with an intraday volatility of 9.08%, and there has been a significant drop in investor participation, with delivery volume falling by 69.65% compared to the 5-day average. Over the past week, Riba Textiles has gained 6.76%, while its year-to-date performance remains down by 21.12%.
In the broader market context, Riba Textiles' short-term return of 6.76% over the past week significantly outpaces the Sensex, which has only increased by 1.76% in the same period. This indicates that the stock is gaining traction relative to the overall market. However, the year-to-date decline of 21.12% contrasts sharply with the Sensex's positive return of 7.44%, suggesting that while recent movements are favorable, the stock has struggled over a longer timeframe. The liquidity of the stock is adequate for trading, but the falling delivery volume may indicate a potential concern for sustained interest from investors.