Why is Varvee Global falling/rising?

As of 31-Oct, Varvee Global Ltd's stock price is currently at 126.90, reflecting an increase of 6.0, or 4.96%. The stock has been gaining for the last two days, with a total return of 10.2% during this period. It opened today with a gain of 4.96% and reached an intraday high of Rs 126.9. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in the stock's performance over a longer time frame. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 68.4% compared to the 5-day average, which may suggest reduced interest among investors. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's movement.
In the broader market context, Varvee Global's short-term performance has been notably weaker than the benchmark, as it has declined by 4.19% over the past week while the Sensex has only decreased by 0.32%. Despite this recent decline, the stock has shown strong performance year-to-date, with a return of 11.15%, compared to the Sensex's 7.42%. Over the longer term, Varvee Global has significantly outperformed the benchmark, with a remarkable 153.80% increase over the past year and a staggering 395.70% increase over the past three years. This suggests that while the stock is experiencing short-term volatility, its long-term trajectory remains positive relative to the broader market.