Why is Swati Projects falling/rising?

As of 23-Oct, Swati Projects Ltd is experiencing a price increase, currently at Rs 34.47, which reflects a rise of Rs 1.97 or 6.06%. The stock has shown strong performance recently, gaining 15.44% over the last two days and outperforming its sector by 5.92% today. Despite opening with a loss of 4.58%, it reached an intraday high of Rs 35.75, indicating significant volatility with a wide trading range of Rs 4.74. Additionally, the stock is trading above its moving averages across various time frames, and there has been a notable increase in investor participation, with delivery volume rising by 103.94% compared to the five-day average.
In the broader market context, Swati Projects has significantly outperformed the Sensex over the past week, with a return of 26.59% compared to the benchmark's 1.30%. However, it has underperformed on a year-to-date basis, showing a decline of 43.77% while the Sensex has gained 8.21%. This contrast highlights the stock's recent recovery amidst a longer-term downtrend. The high volatility and increased trading activity suggest a growing interest from investors, which may be contributing to the stock's upward movement despite its historical underperformance.