Why is Bikewo Green falling/rising?

As of 19-Aug, Bikewo Green Tech Ltd is experiencing a price increase, currently at 17.10, reflecting a rise of 0.8 or 4.91%. The stock has outperformed its sector today by 3.27%. However, it is important to note that while the stock has shown a positive movement today, its performance over the past month has been negative, with a decline of 10.00%. Additionally, the stock's year-to-date performance is significantly down by 40.42%. The stock is currently trading higher than its 5-day moving average but remains below its 20-day, 50-day, 100-day, and 200-day moving averages. There has been a notable decrease in investor participation, with delivery volume dropping by 73.68% against the 5-day average, indicating a potential concern for sustained interest in the stock.
In the broader market context, Bikewo Green's short-term return of +4.59% over the past week has outperformed the Sensex, which has only increased by 2.01% in the same period. Despite this short-term outperformance, the stock's longer-term performance is concerning, especially with a year-to-date decline that contrasts sharply with the Sensex's gain of 5.65%. This disparity highlights the stock's volatility and potential challenges it faces in regaining investor confidence, particularly given the significant drop in delivery volumes and overall liquidity concerns.