Why is Standard Battery falling/rising?

As of 22-Sep, Standard Batteries Ltd is experiencing a price increase, currently at Rs 62.43, reflecting a rise of Rs 1.89 or 3.12%. The stock has shown strong performance today, outperforming its sector by 3.36% and achieving a consecutive gain over the last two days with a total return of 5.37%. The stock reached an intraday high of Rs 65.89, indicating significant upward momentum, although it also experienced a low of Rs 59.1, showcasing high volatility with an intraday fluctuation of 5.42%. Additionally, the stock has performed well over the past week and month, with returns of 5.24% and 5.81%, respectively, despite a year-to-date decline of 16.43%. There is a notable increase in investor participation, with delivery volume rising by 89.28% against the 5-day average, suggesting growing interest in the stock.
In the broader market context, Standard Batteries Ltd has outperformed the Sensex, which only gained 0.46% over the past week and 1.05% over the past month. This indicates that the stock's recent upward movement is not just a reflection of its internal factors but also a response to favorable market conditions relative to the benchmark. Despite a year-over-year decline of 23.71% compared to the Sensex's drop of 2.82%, the stock's strong performance in the short term suggests a potential recovery phase, bolstered by increased liquidity and trading activity.