Why is Spice IslandsInd falling/rising?

As of 23-Jun, Spice Islands Industries Ltd is experiencing a price increase, currently at Rs 46.40, which reflects a rise of Rs 1.58 or 3.53%. The stock has shown a strong performance today, outperforming its sector by 3% and achieving a consecutive gain over the last two days with a total return of 6.67%. It opened with a significant gap up of 4.75% and reached an intraday high of Rs 46.95. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, with delivery volume dropping by 92.9% compared to the 5-day average, which may indicate a potential concern for future trading activity.
In the broader market context, the stock's short-term performance over the past week shows a slight decline of 0.11%, while the benchmark Sensex has gained 0.12%. Over the past month, Spice Islands Industries Ltd has underperformed the benchmark with a decline of 3.19% compared to the Sensex's increase of 0.22%. Despite this, the stock has performed well year-to-date with a return of 10.66%, significantly outpacing the Sensex's 4.81% gain. The strong long-term performance, particularly a remarkable 342.75% increase over the last three years, suggests that while there may be short-term fluctuations, the overall trend remains positive for the company.