Why is Ashima falling/rising?

As of 11-Sep, Ashima Ltd's current price is 23.95, reflecting a slight increase of 0.05 or 0.21%. The stock has been gaining for the last three days, with a total return of 1.74% during this period. However, it has underperformed its sector by 0.28%. Despite this recent gain, Ashima is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 33.35% compared to the 5-day average. The stock has experienced significant declines over longer periods, with a year-to-date drop of 26.31% and a 1-month decline of 8.41%, suggesting ongoing challenges.
In the broader market context, Ashima's short-term performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has gained 1.03% over the past week. This underperformance is further highlighted by Ashima's negative returns over the last month and year, while the Sensex has shown positive growth. The stock's long-term performance, however, has been more favorable, with a 3-year return of 59.14% compared to the Sensex's 36.38%. Overall, while there are signs of a short-term recovery, the stock's longer-term struggles and recent declines in trading activity suggest a cautious outlook.