Why is Veejay Lak. Eng. falling/rising?

As of 04-Nov, Veejay Lakshmi Engineering Works Ltd's stock price is rising, currently at Rs 57.33, reflecting an increase of Rs 2.53 or 4.62%. The stock has shown a strong performance today, outperforming its sector by 5.06% and achieving a consecutive gain over the last three days with a total return of 9.39% during this period. Despite a significant drop in delivery volume by 80.18% compared to the 5-day average, the stock has maintained a price above its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a positive short-term trend. However, the absence of any positive or negative dashboard data limits the understanding of other influencing factors.
Broader Market Context: In the context of the broader market, the stock has outperformed the Sensex over the past week, with a return of 8.15% compared to the benchmark's decline of 1.38%. While the stock has struggled year-to-date with a decline of 35.55%, its recent short-term performance suggests a recovery phase, contrasting with the Sensex's gain of 6.81% during the same period. This divergence highlights the stock's potential for recovery despite its longer-term challenges.