Why is UFO Moviez falling/rising?

As of 07-Nov, UFO Moviez India Ltd is experiencing a price increase, currently at Rs 84.14, which reflects a rise of Rs 3.59 or 4.46%. The stock has shown strong performance recently, gaining 11.41% over the last two days and outperforming its sector by 5.14% today. It reached an intraday high of Rs 88.7, although it also saw a low of Rs 77.58 during the trading session. The stock is trading above its moving averages across multiple time frames, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 544.87% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, UFO Moviez has outperformed the Sensex in the short term, with a 1-week return of +16.67% compared to the benchmark's -0.86%. However, the stock has had a challenging year-to-date performance, down 17.39%, while the Sensex has gained 6.50% over the same period. This contrast highlights the stock's recent recovery amidst a generally unfavorable longer-term trend. Overall, the combination of strong short-term gains, increased trading volume, and positive technical indicators are contributing to the stock's rising price.