Why is SecureKloud Tech falling/rising?

As of 19-Nov, SecureKloud Technologies Ltd is experiencing a significant rise in its stock price, currently at Rs 23.42, which reflects an increase of 3.9 or 19.98%. The stock has shown strong performance today, outperforming its sector by 17.22% and has been on a consecutive gain for the last two days, accumulating a total return of 43.95% during this period. It opened with a notable gain of 7.58% and reached an intraday high of Rs 23.42. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. The rising investor participation is evident with a delivery volume increase of 364.9% compared to the 5-day average, indicating heightened interest in the stock.
In the broader market context, SecureKloud's short-term return of 19.19% over the past week significantly outpaces the Sensex, which has only gained 0.85% in the same timeframe. Over the last month, the stock has also outperformed the benchmark, with a return of 14.58% compared to the Sensex's 1.47%. Despite these positive short-term movements, the stock has faced substantial declines year-to-date and over the past year, with losses of 23.79% and 36.45%, respectively. This contrast highlights the current bullish sentiment in the short term against a backdrop of longer-term challenges.