Why is Anik Industries falling/rising?

As of 15-Oct, Anik Industries Ltd's stock price is currently at Rs 71.65, reflecting an increase of Rs 2.46 or 3.56%. The stock has been on a positive trajectory, gaining for the last six consecutive days and achieving a total return of 16.71% during this period. It has outperformed its sector by 2.41% today and reached an intraday high of Rs 72.56. However, despite this recent uptick, the stock has shown a year-to-date decline of 37.83% and a one-month drop of 2.50%, indicating a challenging longer-term performance. Notably, there has been a decrease in investor participation, with delivery volume falling by 30.54% compared to the five-day average, which may impact future price movements.
In the broader market context, Anik Industries' short-term performance over the past week has significantly outpaced the Sensex, which only increased by 1.02%, while Anik's stock rose by 12.32%. This contrast highlights the stock's recent strength relative to the benchmark. However, the stock's longer-term performance remains concerning, as it has underperformed the Sensex over one month and year-to-date. The liquidity of the stock appears adequate for trading, but the declining delivery volume suggests caution among investors, which could influence future price stability.