Why is Amerise BioScie falling/rising?

As of 22-Aug, Amerise Biosciences Ltd's stock price is currently at 0.77, reflecting an increase of 0.07 or 10.0%. The stock has shown a positive trend today, outperforming its sector by 10.44% and reversing a three-day decline. Additionally, the stock's delivery volume has significantly increased, rising by 118.68% against the 5-day average, indicating growing investor participation. In terms of performance, the stock has gained 8.45% over the past week, while it has seen a modest increase of 1.32% over the past month. However, it is important to note that the stock is still down 36.36% year-to-date, suggesting a challenging longer-term outlook.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 0.88% over the past week, Amerise Biosciences Ltd has outperformed significantly in the short term. While the stock has faced a decline over the longer periods, such as a 19.79% drop over three years, its recent performance indicates a potential shift in momentum. The broader market context shows that while the stock has struggled in the past, the current uptick may reflect a positive sentiment among investors, contrasting with the overall market trends.