Why is Siddha Ventures falling/rising?

As of 29-Oct, Siddha Ventures Ltd is experiencing a price increase, currently at Rs. 6.84, which reflects a rise of Rs. 0.46 or 7.21%. The stock has shown a notable performance today, outperforming its sector by 7.15% and reversing a trend after two consecutive days of decline. Additionally, the stock's recent returns indicate a strong short-term performance, with a 1-week increase of 11.76% and a 1-month increase of 11.95%. However, it is important to note that the stock has hit a new 52-week low of Rs. 5.31 today, and despite the recent gains, it remains down 45.54% year-to-date and 26.61% over the past year. The rising investor participation, with a delivery volume increase of 42.42% against the 5-day average, suggests growing interest in the stock, which may be contributing to its upward movement.
In the broader market context, Siddha Ventures has significantly outperformed the Sensex in the short term, with a 1-week return that is 11.08 percentage points higher than the benchmark's 0.68% increase. This performance indicates that while the stock has faced challenges over the longer term, it is currently gaining traction relative to the market. The liquidity of the stock, being sufficient for trading, further supports its recent price increase. Overall, the combination of short-term gains, increased investor interest, and a reversal of previous declines are key factors driving the stock's current upward movement.