Why is Aik Pipes & Poly falling/rising?

As of 03-Nov, Aik Pipes & Polymers Ltd is experiencing a price increase, with the current price at Rs 52.70, reflecting a rise of Rs 3.2 or 6.46%. Today, the stock opened with a significant gain of 8.08% and reached an intraday high of Rs 53.5. Despite this positive movement, the stock has shown a decline of 20.09% over the past month and a staggering 52.59% year-to-date. Additionally, the stock has outperformed its sector by 5.02% today, although it is trading above its 5-day moving average but below longer-term moving averages. Notably, there has been a decrease in investor participation, with delivery volume falling by 24.24% against the 5-day average, indicating potential concerns about sustained interest in the stock.
Broader Market Context: In the short term, Aik Pipes & Polymers Ltd has outperformed the benchmark Sensex, which has declined by 0.94% over the past week while the stock itself has risen by 5.40%. However, the broader context shows that the stock has significantly underperformed the benchmark over longer periods, with a year-over-year decline of 58.96% compared to the Sensex's increase of 5.34%. This disparity suggests that while the stock may be experiencing a temporary rally, it faces ongoing challenges that have led to substantial losses in the longer term.