Why is Atharv Enter falling/rising?

As of 28-Oct, Atharv Enterprises Ltd is experiencing a price increase, currently at 3.48, which reflects a change of 0.17 or 5.14% upward. The stock has shown a trend reversal, gaining after four consecutive days of decline. However, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Additionally, the delivery volume has decreased by 20.41% compared to the 5-day average, suggesting a decline in investor participation. Despite these challenges, the stock has outperformed its sector by 5.89% today. Over the past year, the stock has increased by 28.89%, significantly outperforming the Sensex, which has risen by only 5.78%.
In the broader market context, Atharv Enterprises Ltd's short-term performance has been weaker than the benchmark, with a 1-week return of -3.33% compared to the Sensex's slight gain of 0.24%. This underperformance in the short term contrasts with its strong long-term performance over the past year and five years, where it has significantly outpaced the benchmark. The current rise in stock price may be attributed to a corrective bounce after a period of decline, but the overall liquidity and falling investor participation could pose challenges for sustained growth moving forward.