Why is Atishay falling/rising?

As of 05-Aug, Atishay Ltd's stock price is currently at Rs 123.80, reflecting an increase of Rs 1.0 or 0.81%. The stock has shown a trend reversal today, gaining after three consecutive days of decline. It opened with a significant gain of 3.62% and reached an intraday high of Rs 127.4. However, it remains 2.83% away from its 52-week low and is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 32.73% compared to the five-day average, which may suggest a lack of confidence among investors. The stock's performance over the past month has been poor, with a decline of 14.62%, contrasting sharply with the Sensex's drop of only 3.26%.
In the broader market context, Atishay's short-term performance has lagged behind the benchmark, as evidenced by its 1-week return of -0.96% compared to the Sensex's -0.77%. This underperformance in the short term, coupled with a significant year-to-date decline of 41.12%, highlights the challenges the company faces in regaining investor confidence. Despite today's positive movement, the overall trend suggests that the stock is struggling to maintain upward momentum in a market that has shown more resilience.