Why is 3B Blackbio falling/rising?

As of 05-Aug, 3B Blackbio DX Ltd is experiencing a price increase, currently at Rs 1,568.00, which reflects a rise of 18.3 points or 1.18%. The stock has shown positive momentum, gaining for the last three days with a total return of 2.22% during this period. It outperformed its sector by 1.34% today and reached an intraday high of Rs 1,590, marking a 2.6% increase. However, it is important to note that the stock's delivery volume has significantly decreased by 67.61% compared to the five-day average, indicating a decline in investor participation. In terms of longer-term performance, the stock has seen a 36.88% increase over the past year, although it has declined by 20.75% year-to-date.
In the broader market context, the stock's short-term performance of +1.24% over the past week stands in contrast to the Sensex, which has decreased by 0.77% during the same period. This suggests that 3B Blackbio is performing relatively well compared to the overall market. However, the stock's year-to-date performance is notably poor compared to the Sensex's gain of 3.29%, indicating that while there may be short-term gains, the stock has struggled significantly in the longer term. Overall, the combination of recent gains, outperformance against the sector, and a decline in investor participation paints a complex picture of the stock's current trajectory.