Why is Shine Fashions falling/rising?

As of 09-Jun, Shine Fashions (India) Ltd is experiencing a price increase, with the current price at 404.00, reflecting a rise of 26.0 or 6.88%. The stock has shown strong performance today, outperforming its sector by 5.1% and has been on a consecutive gain for the last two days, accumulating a total return of 10.38% during this period. It opened with a significant gain of 8.73% today and reached an intraday high of Rs 414.9, which is a 9.76% increase. Additionally, the stock has performed well over the past week and month, with returns of 7.16% and 11.93%, respectively, although it has a year-to-date decline of 0.71%. The stock is trading above all its moving averages, indicating a positive trend, but there has been a notable decrease in investor participation, with delivery volume dropping by 77.78% against the 5-day average.
In the broader market context, Shine Fashions has outperformed the Sensex in the short term, with a 1-week return of 7.16% compared to the Sensex's 1.32%. This strong performance relative to the benchmark suggests that investor sentiment towards Shine Fashions is currently positive, despite the year-to-date underperformance. The significant rise in stock price today, combined with the positive short-term returns, indicates a favorable market reaction, although the decline in delivery volume may raise concerns about sustained investor interest moving forward.