Why is Sprayking Ltd falling/rising?

As of 17-Oct, Sprayking Ltd's stock price is currently at 2.29, reflecting an increase of 0.32 or 16.24%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 19.9% during this period. It has outperformed its sector by 16.74% today. Additionally, the stock's performance over the past week shows a significant increase of 18.65%, while it has also posted a return of 8.53% over the past month. However, it is important to note that the stock is down 57.59% year-to-date and 68.52% over the past year, indicating a long-term decline despite recent gains. The rising investor participation, with a delivery volume increase of 47.19% compared to the 5-day average, suggests growing interest in the stock.
Broader Market Context: In comparison to the benchmark Sensex, which has risen by 1.76% over the past week, Sprayking Ltd's performance has significantly outpaced this index. The stock's recent gains highlight a strong recovery in the short term, contrasting sharply with its long-term performance, where it has underperformed relative to the Sensex, which has gained 7.44% year-to-date. The liquidity of the stock, being sufficient for trading, further supports its recent price movement, although there is no specific information available regarding positive or negative factors that could influence investor sentiment.