Why is Varvee Global falling/rising?

As of 17-Nov, Varvee Global Ltd's stock price is rising, currently at 158.65, reflecting an increase of 7.25 or 4.79%. The stock has shown strong performance today, outperforming its sector by 4.74%, and reached an intraday high of Rs 158.9. Over the past month, Varvee Global has delivered a return of 10.29%, significantly higher than the Sensex's 1.19%. Year-to-date, the stock has surged by 38.96%, and its one-year return stands at an impressive 145.82%. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 60.33% compared to the five-day average, indicating growing interest in the stock. The stock's liquidity is also favorable, allowing for trades of Rs 0.02 crore.
In the broader market context, Varvee Global's short-term performance has been slightly lower than the benchmark, with a 1-week return of 1.08% compared to the Sensex's 1.69%. However, the stock's long-term performance significantly outpaces the benchmark, with a three-year return of 513.73% compared to the Sensex's 37.57%. This disparity suggests that while the stock may experience fluctuations in the short term, its overall trajectory remains strong, supported by robust historical returns and increasing investor engagement.