Why is Aik Pipes & Poly falling/rising?

As of 25-Sep, Aik Pipes & Polymers Ltd is experiencing a price increase, currently at Rs 61.95, reflecting a rise of 2.95 (5.0%). The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 6.18% today, and the delivery volume has significantly increased by 200% compared to the 5-day average, indicating rising investor participation. However, the stock is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.67%, while it has increased by 3.25% over the past month. Year-to-date, the stock is down 44.26%, and over the past year, it has fallen by 52.71%.
In the broader market context, the Sensex has declined by 2.23% over the past week and is down 0.58% over the past month, indicating that Aik Pipes & Polymers Ltd's recent performance is relatively better than the benchmark. Despite the stock's significant year-to-date and yearly declines, the recent uptick in price suggests a potential recovery phase, albeit still underperforming compared to the overall market trends. The liquidity of the stock remains adequate for trading, which may also contribute to the positive movement observed today.