Why is Zenlabs Ethica falling/rising?

As of 20-October, Zenlabs Ethica Ltd's stock price is rising, currently at Rs 31.85, reflecting an increase of Rs 2.03 or 6.81%. The stock has shown a positive trend today, having outperformed its sector by 6.08% and opened with a significant gain of 10.33%. After experiencing two consecutive days of decline, the stock has reversed its trend, reaching an intraday high of Rs 32.9. In terms of performance over the past week, the stock has increased by 5.32%, although it remains down 1.73% over the past month. Notably, the stock's delivery volume has risen by 46.63% compared to its five-day average, indicating increased investor participation. However, the stock's year-to-date performance shows a decline of 19.37%, and it is currently trading below its 100-day and 200-day moving averages.
In the broader market context, the stock's recent performance has been favorable compared to the benchmark Sensex, which has gained 2.47% over the past week. This suggests that while Zenlabs Ethica has had a challenging year and longer-term performance, its short-term recovery is notable against the backdrop of a generally stable market. The stock's liquidity is adequate for trading, which may contribute to its recent upward movement. Overall, the combination of a trend reversal, increased trading volume, and outperformance against the sector has positively influenced the stock's price today.