Why is Spectrum Electr. falling/rising?

As of 27-Jun, Spectrum Electrical Industries Ltd is experiencing a price increase, currently at Rs 1,635.70, which reflects a rise of Rs 41.75 or 2.62%. The stock has shown strong performance today, outperforming its sector by 2.51% and has been on a consecutive gain streak for the last four days, accumulating a total return of 15.04% during this period. The stock opened with a gain of 2.95% today and reached an intraday high of Rs 1,680.65, marking a 5.44% increase. However, it is important to note that the stock's delivery volume has decreased by 20.81% compared to the 5-day average, indicating a potential decline in investor participation. Additionally, while the stock is trading above its 5-day and 20-day moving averages, it remains below its longer-term moving averages, suggesting mixed signals regarding its momentum.
In the broader market context, the stock's performance over the past week has been notably strong, with a return of 12.48%, significantly outpacing the Sensex, which only gained 2.00% during the same period. However, over the past month, the stock has underperformed with a decline of 5.87%, while the Sensex increased by 3.07%. This contrast highlights the stock's recent volatility and potential recovery after a period of underperformance. Overall, the combination of short-term gains and declining investor participation may suggest a cautious optimism among investors, as they weigh the stock's recent upward trend against its longer-term performance metrics.