Why is Aik Pipes & Poly falling/rising?

As of 28-Oct, Aik Pipes & Polymers Ltd is experiencing a price increase, with its current price at Rs 54.74, reflecting a rise of Rs 4.74 or 9.48%. Today's performance indicates that the stock has outperformed its sector by 10.79%, reaching an intraday high of Rs 54.75. However, despite this positive movement, the stock has shown a significant decline over the past month, down 11.64%, and a year-to-date drop of 50.75%. Additionally, the stock's delivery volume has decreased by 25% compared to the 5-day average, indicating falling investor participation, which may temper the overall bullish sentiment.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 0.24% over the past week and 5.22% over the past month, Aik Pipes & Polymers Ltd's recent performance is mixed. While the stock has shown a notable rise today, its longer-term performance has been significantly poorer than the benchmark, with a year-over-year decline of 57.89% against the Sensex's 5.78% increase. This disparity highlights the challenges the company faces in regaining investor confidence, despite today's positive price movement.