Why is Virtuoso Optoel. falling/rising?

As of 24-Jun, Virtuoso Optoelectronics Ltd is experiencing a price increase, currently at Rs 498.00, reflecting a rise of Rs 14.6 or 3.02%. The stock has shown strong performance today, outperforming its sector by 2.62% and has been on a consecutive gain streak for the last three days, accumulating a total return of 11.91% during this period. Additionally, the stock opened with a gain of 2.4% today and reached an intraday high of Rs 503.75, indicating positive momentum. However, it is important to note that the delivery volume has decreased by 22.02% compared to the 5-day average, suggesting a decline in investor participation. The stock's performance over the past week shows a significant increase of 15.67%, although it has faced challenges over the longer term, with a decline of 10.27% over the past month and 6.33% year-to-date.
In the broader market context, the stock's recent short-term return of 15.67% over the past week significantly outpaces the Sensex, which has only increased by 0.58% during the same period. This indicates that Virtuoso Optoelectronics Ltd is gaining traction relative to the overall market. However, its year-to-date performance remains negative compared to the Sensex, which has risen by 5.01%. The stock's ability to outperform the sector today and its strong weekly performance may reflect positive investor sentiment, despite the overall decline in participation and longer-term challenges.