Why is Bharat Road falling/rising?

As of 31-Oct, Bharat Road Network Ltd's stock price is currently at Rs 24.10, reflecting an increase of Rs 1.24 or 5.42%. Despite opening the day with a loss of 2.01%, the stock managed to touch an intraday high of Rs 24.32, indicating some recovery during the trading session. Over the past week, the stock has shown a positive return of 1.95%, while its performance over the last month has been even more robust at 12.09%. However, the stock's year-to-date performance remains concerning, with a decline of 47.30%. The delivery volume has decreased significantly, falling by 28.07% compared to the five-day average, suggesting a decline in investor participation, which could be a negative factor impacting the stock's movement.
Broader market context indicates that while Bharat Road Network Ltd has outperformed the sector by 5.72% today, it has lagged behind the benchmark Sensex over longer periods. The Sensex has gained 3.65% over the past month, contrasting with Bharat's 12.09% increase. However, the stock's year-to-date and one-year returns are significantly lower than the benchmark's performance, which may contribute to investor caution. Overall, while the stock is experiencing a short-term rise, the broader context of its substantial long-term declines and reduced investor participation presents a mixed outlook.