Why is Bannari Amm Spg. falling/rising?

As of 29-Oct, Bannari Amman Spinning Mills Ltd's stock price is currently at Rs 28.70, reflecting an increase of Rs 2.11 or 7.94%. The stock has shown a positive trend today, gaining after three consecutive days of decline, and it outperformed its sector by 7.05%. The stock reached an intraday high of Rs 28.95, indicating strong intraday performance. However, it is important to note that the delivery volume has decreased significantly by 33.79% compared to the 5-day average, suggesting a decline in investor participation. In terms of returns, the stock has performed well in the short term, with a 10.22% increase over the past week and a 10.64% increase over the past month, although it remains down 46.36% year-to-date.
Broader Market Context: The stock's recent performance contrasts sharply with the benchmark Sensex, which has only increased by 0.68% over the past week and 5.76% over the past month. This indicates that Bannari Amman Spinning Mills Ltd is experiencing a stronger recovery compared to the broader market. Despite the positive short-term returns, the stock has significantly underperformed over longer periods, with a year-to-date decline of 46.36% and a 1-year decline of 43.11%. This suggests that while there may be short-term gains, the stock's long-term outlook remains challenging in comparison to the overall market performance.