Why is Aik Pipes & Poly falling/rising?

As of 10-Oct, Aik Pipes & Polymers Ltd is experiencing a price increase, currently trading at Rs 55.00, which reflects a rise of Rs 6.3 or 12.94%. The stock has shown a consecutive gain over the last two days, with a total return of 13.54% during this period. Despite this positive movement, the stock has underperformed significantly over the longer term, with a year-to-date decline of 50.52% and a one-year drop of 61.13%. Additionally, the stock has been highly volatile today, with an intraday volatility of 5.08%, and has traded in a wide range of Rs 5.33. However, there has been a notable decrease in investor participation, as evidenced by a 26.47% drop in delivery volume compared to the five-day average.
In the broader market context, Aik Pipes & Polymers Ltd's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.59% over the past week. While the stock has outperformed its sector today by 11.94%, its longer-term returns are significantly negative compared to the benchmark's positive performance. This disparity highlights the challenges the company faces in regaining investor confidence, especially given its lower trading levels compared to various moving averages and the erratic trading patterns observed over the past month.