Why is Sailani Tours N falling/rising?

As of 16-Oct, Sailani Tours N Travels Ltd is experiencing a significant rise in its stock price, currently at Rs. 16.94, reflecting an increase of 2.66 or 18.63%. The stock has shown a strong performance today, outperforming its sector by 17.58%. However, it opened with a notable loss of 19.4% and touched a new 52-week low of Rs. 11.43 earlier in the day. Despite the volatility, with an intraday high of Rs. 16.94, the stock has had a wide trading range of Rs. 5.51. Over the past week, the stock has gained 18.63%, while its one-month return stands at 21.00%. Nonetheless, it has faced challenges over the longer term, with a year-to-date decline of 22.44% and a three-year drop of 72.23%. There is a noted decrease in investor participation, with delivery volume falling by 37.5% against the five-day average, indicating potential concerns among investors.
In the broader market context, Sailani Tours N Travels Ltd's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 1.58% over the past week. This stark contrast highlights the stock's recent volatility and potential for recovery, despite its long-term struggles compared to the benchmark's 6.82% gain year-to-date. The high volatility today, with an intraday fluctuation of 19.38%, suggests that investor sentiment may be shifting, although the stock remains below its longer-term moving averages. Overall, while the stock is currently rising, it is essential to consider the broader market conditions and the company's historical performance when evaluating its future trajectory.