Why is Rite Zone falling/rising?

As of 23-Oct, Rite Zone Chemcon India Ltd is experiencing a significant price increase, with its current price at 26.30, reflecting a rise of 4.35 or 19.82%. The stock has outperformed its sector today by 20.38%, and its delivery volume has increased by 50% compared to the 5-day average, indicating rising investor participation. Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Over the past week, the stock has gained 9.58%, while it has seen a modest increase of 5.20% over the past month. However, it has faced significant declines year-to-date and over the past year, with losses of 41.62% and 50.38%, respectively.
In the broader market context, the stock's short-term performance has notably outpaced the Sensex, which has only increased by 1.20% over the past week and 2.87% over the past month. Despite the recent positive movement, the stock's year-to-date and one-year returns remain substantially negative compared to the Sensex's gains of 9.50% and 5.96%, respectively. This divergence highlights the stock's volatility and potential recovery phase, as it attempts to regain investor confidence amidst a challenging performance history.