Why is Ace Men falling/rising?

As of 02-Jul, Ace Men Engg Works Ltd is experiencing a price increase, with the current price at Rs 63.29, reflecting a rise of Rs 1.79 or 2.91%. Today, the stock opened with a significant gain of 4.88% and reached an intraday high of Rs 64.5. However, despite this positive movement today, the stock has underperformed in the longer term, with a year-to-date decline of 28.49% compared to a 6.75% increase in the benchmark Sensex. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. There is also a notable drop in investor participation, with delivery volume falling by 97.28% against the 5-day average, which may suggest a lack of confidence among investors.
Broader Market Context: In the short term, Ace Men Engg Works Ltd has outperformed the sector by 2.97% today, but its one-week return shows a decline of 6.93%, contrasting sharply with the Sensex's increase of 0.79% over the same period. This indicates that while the stock has seen a temporary rise today, its overall performance remains weak compared to the broader market trends. The stock's long-term performance, with a 42.22% increase over the past year, suggests potential for recovery, but the current liquidity issues and declining investor interest could hinder its upward momentum in the near future.