Why is Varyaa Creations falling/rising?

As of 01-Oct, Varyaa Creations Ltd is experiencing a price increase, currently at Rs 42.90, reflecting a rise of 3.9 or 10.0%. The stock has shown a strong performance today, outperforming its sector by 8.85% and has gained consecutively over the last two days, accumulating a total return of 11.14%. Despite this positive movement, the stock has a significant year-to-date decline of 50.77% and a one-year drop of 62.99%. The stock opened with a notable gap up of 10% today and reached an intraday high of Rs 42.90. However, it has also shown erratic trading patterns, with a notable decrease in delivery volume by 70.59% compared to the five-day average, indicating falling investor participation.
In the broader market context, Varyaa Creations' short-term return of 3.85% over the past week contrasts sharply with the Sensex, which has declined by 0.90% during the same period. This suggests that the stock is gaining traction relative to the overall market. While the stock's performance today is encouraging, its long-term outlook remains challenged, as evidenced by its significant declines over the year and year-to-date. The liquidity of the stock appears adequate for trading, but the falling investor participation could pose challenges for sustained upward momentum.