Why is Aik Pipes & Poly falling/rising?

As of 08-Jul, Aik Pipes & Polymers Ltd is experiencing a price increase, currently at Rs 74.97, reflecting a rise of 1.47 or 2.0%. The stock has shown positive momentum, gaining 2.28% over the last two days and outperforming its sector by 2.76% today. Additionally, the stock has increased by 6.64% over the past week and 10.09% over the past month, although it remains down 32.55% year-to-date and 43.78% over the past year. Despite this recent uptick, there has been a decline in investor participation, with delivery volume falling by 13.04% against the five-day average, indicating some caution among investors.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a minimal increase of 0.02% over the past week, Aik Pipes & Polymers Ltd's performance stands out positively in the short term. The stock's recent gains contrast sharply with its year-to-date performance, where it has underperformed the Sensex, which has risen by 7.13%. This suggests that while the stock is currently gaining traction, it still faces challenges in recovering from its significant losses over the longer term.