Why is ANG Lifesciences falling/rising?

As of 01-October, ANG Lifesciences India Ltd is experiencing a price increase, currently at Rs 35.40, reflecting a rise of 1.68 or 4.98%. The stock has shown a strong performance today, having outperformed its sector by 3.62% and achieving a consecutive gain over the last two days with a total return of 10.21%. It opened with a gain of 2.49% and reached an intraday high of Rs 35.40. Despite this positive movement, it is important to note that the stock has seen a decline of 1.42% over the past week and a significant drop of 20.79% year-to-date. Additionally, there has been a decrease in investor participation, with delivery volume falling by 34.71% compared to the five-day average, which may indicate some caution among investors.
In the broader market context, while ANG Lifesciences has outperformed the Sensex by 3.62% today, its one-week performance shows a decline of 1.42%, compared to a smaller decline of 0.90% in the Sensex. Over the past month, however, the stock has significantly outperformed the benchmark, with a return of 38.23% against the Sensex's 0.77%. Despite the recent gains, the stock's long-term performance remains concerning, with a decline of 76.25% over three years compared to a 41.02% increase in the Sensex. This disparity highlights the challenges faced by ANG Lifesciences in maintaining investor confidence despite short-term price movements.