Why is Banka Bioloo falling/rising?

As of 06-Aug, Banka Bioloo Ltd's stock price is currently at Rs 87.18, reflecting an increase of Rs 4.15 or 5.0%. The stock has shown a strong performance today, opening with a gain of 5% and reaching an intraday high of Rs 87.18. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 37.62% compared to the 5-day average. Over the past week, the stock has risen by 2.59%, while its performance over the past month shows a significant increase of 20.66%. Despite this, the stock has a year-to-date decline of 12.72% and a one-year drop of 33.53%, suggesting volatility in its longer-term performance.
In the broader market context, Banka Bioloo's recent short-term return of 2.59% over the past week contrasts sharply with the Sensex, which has decreased by 1.13% during the same period. This outperformance indicates that the stock is gaining traction relative to the market. However, the stock's year-to-date performance remains under pressure compared to the Sensex's gain of 3.93%. The erratic trading pattern, with the stock not trading on two days out of the last 20, may also contribute to its volatility. Overall, while the stock is currently rising, the mixed performance metrics suggest that investors should remain cautious.