Why is Shanti Spintex falling/rising?

As of 30-Oct, Shanti Spintex Ltd is experiencing a price increase, currently at Rs 71.10, which reflects a rise of Rs 4.2 or 6.28%. Today's trading has shown significant volatility, with the stock opening down by 5.83% but later reaching an intraday high of Rs 75, marking a 12.11% increase. Despite the erratic trading patterns, where the stock did not trade on three days out of the last 20, it has outperformed its sector by 6.82%. The stock has also been trading above its moving averages, indicating a positive trend, although there has been a decline in investor participation, with delivery volume falling by 9.09% against the 5-day average.
In the broader market context, Shanti Spintex's short-term performance over the past week shows a gain of 6.12%, contrasting with a slight decline of 0.18% in the Sensex. Over the past month, the stock has increased by 7.73%, while the Sensex has risen by 5.15%. This suggests that Shanti Spintex is performing well relative to the benchmark index, despite the recent volatility and lower trading volume. Overall, the stock's ability to maintain a positive trajectory amidst market fluctuations indicates resilience, although the drop in investor participation could be a concern for future performance.