Why is Varyaa Creations falling/rising?

As of 17-Sep, Varyaa Creations Ltd is experiencing a price increase, currently at Rs 43.78, which reflects a rise of 3.98 or 10.0%. The stock has shown strong performance today, outperforming its sector by 10.52% and has been on a consecutive gain streak for the last two days, accumulating a total return of 14.34% during this period. Additionally, the stock opened with a significant gain of 9.8% today and reached an intraday high of Rs 43.78. Despite this positive movement, the stock has a year-to-date decline of 49.76% and a one-year decline of 47.63%, indicating a challenging longer-term performance. The trading activity has been erratic, with the stock not trading on one day out of the last 20, but there has been a notable increase in investor participation, with delivery volume rising by 50% against the five-day average.
In the broader market context, Varyaa Creations' short-term return of 6.78% over the past week significantly outpaces the Sensex's return of 1.56% during the same period. This indicates that the stock is gaining traction relative to the benchmark index, which may be contributing to its rising price. However, the stock's year-to-date performance remains substantially lower than the Sensex's 5.83% increase, highlighting a stark contrast between its recent gains and its overall underperformance in the longer term. The high volatility observed today, with an intraday volatility of 5.65%, suggests that while there is positive momentum, the stock may still be subject to fluctuations that could impact future performance.