Why is Unimech Aero. falling/rising?

As of 23-Oct, Unimech Aerospace and Manufacturing Ltd's stock price is rising, currently at 1,026.45, reflecting an increase of 45.35 or 4.62%. The stock has shown strong performance today, outperforming its sector by 5.04% and has been on a consecutive gain for the last two days, accumulating a total return of 9.22% during this period. It opened with a gain of 2.45% and reached an intraday high of Rs 1,045, which is a 6.51% increase. Additionally, the stock has performed well over the past week with a return of 7.52%, although it has seen a decline of 2.06% over the past month and a significant drop of 25.25% year-to-date. There is a notable increase in investor participation, with delivery volume rising by 66.22% against the 5-day average, indicating heightened interest in the stock.
In the broader market context, while Unimech's short-term performance has been strong, it is essential to note that the benchmark Sensex has only increased by 1.30% over the past week and 2.99% over the past month. This suggests that Unimech's recent gains are particularly robust compared to the overall market. Despite its year-to-date decline, the stock's current upward movement may be driven by improved liquidity and investor sentiment, as evidenced by the increased trading volume. However, the stock remains below its longer-term moving averages, indicating that while there is positive momentum, it may still face challenges in sustaining this upward trajectory in the longer term.