Why is Samsrita Labs falling/rising?

As of 30-Oct, Samsrita Labs Ltd is experiencing a rise in its stock price, currently at Rs 22.00, reflecting an increase of Rs 1.08 or 5.16%. The stock has been gaining momentum, having outperformed its sector by 5.31% today and achieving a consecutive gain over the last two days with a total return of 6.54%. It reached an intraday high of Rs 22.11, although it also saw a low of Rs 19.52, indicating high volatility with a range of Rs 2.59. Despite this positive movement, there is a noted decline in investor participation, with delivery volume falling by 16.96% against the 5-day average, which could suggest caution among investors. Additionally, the stock is trading above its moving averages across various time frames, indicating a bullish trend.
In the broader market context, Samsrita Labs has shown a strong short-term performance, with a weekly return of 12.42%, contrasting sharply with the Sensex, which has declined by 0.18% over the same period. Over the past month, the stock has also outperformed the benchmark, gaining 15.49% compared to the Sensex's 5.15% increase. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of 5.13% while the Sensex has risen by 8.02%. This mixed performance highlights the stock's volatility and the potential for recovery in the short term, despite its longer-term struggles.