Why is Smartlink Hold. falling/rising?

As of 06-Nov, Smartlink Holdings Ltd is experiencing a significant rise in its stock price, currently at 147.50, reflecting an increase of 11.95 or 8.82%. The stock has shown a strong performance today, outperforming its sector by 9.4% and achieving consecutive gains over the last three days, with a total return of 11.74% during this period. Despite opening with a loss of 5.53%, the stock reached an intraday high of Rs 159.35, indicating volatility with a wide trading range of Rs 31.35. However, the stock's delivery volume has notably decreased by 50.87% compared to the 5-day average, suggesting a decline in investor participation, which could impact future price movements.
In the broader market context, Smartlink Holdings Ltd has outperformed the Sensex in the short term, with a 1-week return of 10.07% compared to the benchmark's decline of 1.30%. However, the stock's year-to-date performance remains weak, showing a decline of 25.05% against the Sensex's gain of 6.62%. This contrast highlights the stock's recent recovery amidst a generally challenging performance over the longer term, as evidenced by its 1-year decline of 38.01% versus the Sensex's modest increase. Overall, while the stock is currently rising, the underlying factors such as reduced investor participation and historical performance suggest caution moving forward.