Why is Sharda Ispat falling/rising?

As of 28-Oct, Sharda Ispat Ltd's stock price is rising, currently at Rs 230.00, reflecting an increase of Rs 14.6 or 6.78%. The stock has shown a positive trend recently, gaining 11.49% over the last three days and outperforming its sector by 5% today. It reached an intraday high of Rs 249.9, indicating significant volatility with a range of Rs 34.9. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 79.03% compared to the five-day average. However, the stock's longer-term performance remains concerning, with a year-to-date decline of 20.14% and a one-year drop of 46.54%.
Broader market context shows that while Sharda Ispat has experienced a short-term gain, its performance over the past week (+5.43%) significantly outpaces the Sensex, which only increased by 0.24%. In contrast, the stock's performance over the past month and year highlights a stark underperformance compared to the benchmark, which has risen by 5.22% and 5.78%, respectively. This disparity suggests that while the stock is currently experiencing a rebound, it faces challenges in regaining its footing in the broader market context.