Why is Veejay Lak. Eng. falling/rising?

As of 24-Oct, Veejay Lakshmi Engineering Works Ltd is experiencing a significant rise in its stock price, currently at Rs 60.46, reflecting an increase of 10.07 or 19.98%. Today's performance indicates that the stock has outperformed its sector by 21.27%, reaching an intraday high of Rs 60.46. The stock has shown high volatility with an intraday volatility of 9.33%, and there has been a notable increase in investor participation, with delivery volume rising by 29.65% compared to the 5-day average. While the stock has underperformed on a year-to-date basis with a decline of 32.03%, it has shown a strong performance over the past three years with a return of 37.72%.
In the broader market context, the stock's short-term return of 19.39% over the past week significantly outpaces the Sensex, which has only increased by 0.31% in the same period. This indicates that Veejay Lakshmi Engineering Works Ltd is gaining traction among investors despite its longer-term challenges, as evidenced by its negative year-to-date and one-year returns. The stock's liquidity remains adequate for trading, suggesting that the recent price movement is supported by sufficient market activity.