Why is Anik Industries falling/rising?

As of 10-Oct, Anik Industries Ltd's stock price is currently at Rs 68.50, reflecting an increase of Rs 3.69, or 5.69%. The stock has been gaining for the last three days, with a total return of 11.58% during this period. It has outperformed its sector by 5.3% today. However, despite this recent uptick, the stock has experienced a significant decline of 40.56% year-to-date. The delivery volume has notably decreased by 53.79% compared to the 5-day average, indicating a drop in investor participation, which could be a concern for future price stability. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, Anik Industries' short-term performance over the past week shows a return of 2.27%, which is better than the Sensex's return of 1.59% during the same period. However, the stock's longer-term performance remains weak, with a year-to-date decline of 40.56% compared to the Sensex's gain of 5.58%. This disparity highlights the challenges faced by Anik Industries despite its recent gains, suggesting that while there may be short-term positive momentum, the overall market sentiment and longer-term performance remain unfavorable.